Verizon Closes 4 5Bn Yahoo Acquisition As Mayer Steps Down
Verizon will fold Yahoo into its Oath subsidiary, which is also a holding company for 50 media brands, including AOL. Oath has been created to cover media assets and will be headed by former AOL CEO Tim Armstrong. As for Mayer, she was widely predicted to step aside as the former Google-exec had been against the sale. A recent $23 million golden parachute was given to the former CEO. It is hard to see Mayer’s five-year tenure at the company has anything more than a failure....