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The End of Yahoo: Marissa Mayer To Resign; Yahoo To Change Its Name To Altaba (arstechnica.com)

maxcelcat writes: Spotted on The Register's twitter feed: Yahoo! Submission to The SEC. Most of the board is leaving, including CEO Marissa Mayer. The company has been bought by Verizon and is changing its name to Altaba Inc. I'm old enough to remember when Yahoo was a series of directories on a University's computers, where you could browse a hierarchical list of websites by category. And here I am watching the company's demise. According to the regulatory filing, the changes will take place after the sale of its core business is completed with Verizon for roughly $4.8 billion. The Wall Street Journal notes: "Verizon officials have indicated all options remain possible, including renegotiating the terms of the deal or walking away."

14 of 401 comments (clear)

  1. How much? by Frosty+Piss · · Score: 4, Funny

    According to the regulatory filing, the changes will take place after the sale of its core business is completed with Verizon for roughly $4.8 billion.

    I'm genuinely surprised it's worth that much.

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    1. Re:How much? by geekmux · · Score: 4, Funny

      According to the regulatory filing, the changes will take place after the sale of its core business is completed with Verizon for roughly $4.8 billion.

      I'm genuinely surprised it's worth that much.

      I'm genuinely surprised they managed to find a worse name than Verizon.

    2. Re:How much? by Grishnakh · · Score: 4, Funny

      I'm confused. Is $4.8 billion how much Verizon paid for Yahoo!, or is it how much Yahoo! paid Verizon to take it over?

  2. My new ringtone by Anonymous Coward · · Score: 4, Funny
  3. Re:Yahoo brand by david.emery · · Score: 4, Funny

    I always thought that Yahoo was well-named, a company run by a bunch of Yahoos...

  4. Carly Fiorina 2.0 by Chas · · Score: 5, Funny

    This version actually crashed a company permanently!

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  5. Re: Yabba Dabba Doo! by Anonymous Coward · · Score: 0, Funny

    The consultants are already black and blue you insensitive punk. They were outsourced to India.

  6. Re:Finally! by Anonymous Coward · · Score: 4, Funny

    Angela Merkel.

  7. Re:Yahoo brand by Anonymous Coward · · Score: 5, Funny

    same thing happened to the poor guy who had "suckingdownacoolone@home.com" was changed to suckingdownacoolone@cox.net

  8. Re:55 million golden parachute!! by MouseR · · Score: 4, Funny

    I haven't seen any figures but regardless, she did manage to sell a worthless company for 4+ billions. That's worth a bonus.

  9. Re:Finally! by msauve · · Score: 1, Funny

    "She failed at Google"

    Yeah. She was in charge of search, and we all know how much Google search sucks. Maybe instead of "Altaba," they should call the new company "Alta Vista."

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  10. Re:Finally! by Anonymous Coward · · Score: 2, Funny

    Read these posts and you'll realize how tough Hillary had it from the get-go. Bigotry, nationalism, racism, sexism, tribalism of all sorts are not confined to truck drivers in the Deep South. Presumably almost all the folks posting here are college-educated with at least middle-class backgrounds.

    So no, Hillary didn't do a terrible job. She just didn't a spectacular job like Obama did in 2008 and 2012, and that's what is needed to get past this unbelievable bigoted shit.

  11. Re:Finally! by sheramil · · Score: 3, Funny

    She failed at Google, she failed Yahoo...

    She'll probably be the next head of Telstra.

  12. Re:Why bother with a CEO? by grep+-v+'.*'+* · · Score: 3, Funny

    Seems like you could just as easily replace these CEOs with a magic 8 ball and get similar results.

    And now here you are, trying to automate away the jobs of CEOs. You evil creten! Just think of the terror their wives will have to endure -- down to only 2 summer houses. How long do you expect them to endure this punishment?

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