Verizon completes £3.5bn Yahoo takeover, Marissa Mayer resigns VERIZON IS NOW the official owner of Yahoo’s web properties after 323 days of tortuous business and legal negotiations.  According to reports, some 2,100 current Yahoo staff can also expect to be made redundant within days.  The closure of the deal means that the 12-year tenure of CEO Marissa Mayer draws to a close with her resignation, although she will remain the head of Altaba, the rump of Yahoo that largely compromises Yahoo’s 15 per cent stake in Chinese e-commerce giant Alibaba and Yahoo Japan. Unfortunately, Verizon has ploughed ahead with its plan to rename its internet division ‘Oath’. “Verizon Communications today completed its acquisition of the operating business of Yahoo! Inc,” the company proclaimed in a statement. “Verizon… Next »
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