Tag: Altaba

Yahoo renames itself Altaba

(Reuters) — Yahoo’s getting a new name, and it’s shrinking its board. It’ll rename itself Altaba after it closes its $4.8 billion deal with Verizon. CEO Marissa Mayer will step down from its board, and several other directors including co-founder David Filo, will leave as well. The new name perhaps partly reflects where the company gets its value, Alibaba. Altaba will be a holding company. Its main assets: a 15 percent stake in Chinese e-commerce […]