After more than two decades, Yahoo's time as an independent company has finally come to an end. "Given the inherent changes to my role, I'll be leaving the company," Mayer wrote in an email to the company. Yahoo and AOL will form a new digital media company under Verizon called Oath. It will effectively serve as a holding company for Yahoo's large stake in Alibaba (BABA, Tech30), the Chinese e-commerce company. "I'm really sad to see the end of Yahoo as an independent company," says Tapan Bhat, a former senior vice president at Yahoo.

Source: CNN June 13, 2017 14:31 UTC