more-inVerizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best—known brands. It also ends the nearly five-year reign of Yahoo CEO Marissa Mayer, who isn’t joining Verizon. Altaba’s stock will begin trading next week under the ticker symbol “AABA.” Yahoo’s stock will trade through Friday. Despite the company’s struggles, Yahoo’s stock more than tripled while Mayer was CEO, creating more than $30 billion in shareholder wealth. Yahoo’s stock performance is the main reason most shareholders haven’t complained too loudly about Mayer’s lavish compensation package.

Source: The Hindu June 13, 2017 17:26 UTC