Yahoo! will be known after completion of the transaction with Verizon

Yahoo! will be known after completion of the transaction with Verizon

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Photo: Reuters/Pixstream

Holding company, which will appear after the merger, Yahoo! and Verizon, will be called Altaba Inc.

After completion of the transaction merger with the telecommunications company Verizon Yahoo! change the name, it will be called Altaba Inc.

This is stated in the materials of the Commission on securities and stock exchanges of the USA.

However, some media such as The Verge, suggest that the new name applies only to the holding company, and the brand Yahoo! will continue.

The company on completion of the transaction will leave the President and chief Executive officer Marissa Mayer, as well as five members of the Board of Directors including co-founder of Yahoo! David Filo.

About the upcoming deal , the company announced in July 2016. The result should be a holding company with a monthly audience of over 1 billion people. Verizon will acquire the online assets of Yahoo for $4.83 billion, while the share of Yahoo! in Alibaba Group under the control of Verizon will not go

Under the deal, control will switch to Verizon, in particular, email service Yahoo! Mail, whose services each month actively used by about 225 million people, the service BrightRoll video service mobile app Analytics Flurry, advertising services, Gemini and several other services United by portal Yahoo. In future, all these assets will be integrated into the business previously acquired by Verizon AOL.

In September, Yahoo! confirmed that hackers managed to steal data of 500 million user accounts due to cyber attacks in 2014. As has noted then the head of the Department of the Internet company, to access closed data could a hacker whose actions sponsored, “the government of the state.” “The online break-ins and burglaries, with government support, are becoming more common in techindustria”, — noted in a Yahoo! .