Olivia Solon of the Guardian:
Verizon agreed to buy Yahoo’s search engine and web portal for $4.83bn back in July. However, Yahoo’s shareholders held onto the company’s lucrative investments – including a 36% stake in Yahoo Japan and a 16% stake in Alibaba – and patent portfolio. This remaining entity has no product and no staff members.
According to an SEC filing released today, that entity will, provided the Verizon deal goes through, be know as Altaba and Yahoo CEO Marissa Mayer, along with five other board members, will resign from its board.
Use caution when consuming Altaba. Frequent use of Altaba may lead to headaches, back pain, and incontinence. Altaba is not recommended for pregnant or nursing women, children, or those over the age of sixty.
Altaba is the Tronc of 2017.