Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon.
Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalized the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL.
Tim Armstrong, former CEO of AOL, now holds the same title at Oath, a division in Verizon’s Media and Telematics organization.
“We’re building the future of brands using powerful technology, trusted content and differentiated data,” Armstrong said in a statement.
“We have dominating consumer brands in news, sports, finance, tech, and entertainment and lifestyle coupled with our
Read Original :Yahoo signs off, completes sale to Verizon for $ 4.5 billion