Latest in Marissa Mayer

Yahoo has yodeled into the sunset: Verizon says today that it closed its  $4.48 billion acquisition of the internet company’s operating businesses, and that Yahoo CEO Marissa Mayer has left. Yahoo’s assets have been blended with the telco’s AOL to forge a media subsidiary it calls Oath. It includes HuffPost, Yahoo…

Yahoo says the $4.48 billion sale of its media assets to Verizon should close on June 13 after shareholders today approved the transaction. The preliminary tally from the special meeting also showed that investors endorsed, in an advisory vote, the golden parachutes for Yahoo’s top executives. CEO Marissa Mayer’s…

In what’s probably its last financial report as an independent company, Yahoo reported Q1 results that beat analyst expectations — and said it still expects the deal to sell its media assets to Verizon to close in June. CEO Marissa Mayer said that she’s “committed to finishing strong and planning for the best possible…

Yahoo CEO Marissa Mayer won’t hang around to run the investment fund, Altaba, that will be left over after the company sells its media assets to Verizon, the company says in a preliminary proxy filed today at the SEC. No need to feel sorry though: Her golden parachute is valued at $23.0 million including $3.0 million…

The hacks that hit Yahoo in 2014 cost CEO Marissa Mayer a lot of cash, and General Counsel Ronald Bell his job, the company said today in its annual report to the SEC. The board’s Independent Committee investigating the hack, which took place while Mayer was CEO, decided that she should not receive her cash bonus for…

Yahoo agreed to shave up to $350 million from the deal to sell its assets to Verizon, and accept legal liabilities from previously reported hacking incidents, as a price to keep the agreement on track, the companies said this morning. The new terms value the pact at $4.48 billion. The companies say they expect it to…

Yahoo beat Wall Street’s financial estimates for the last three months of 2016 — but, more importantly, it says that the planned sale to Verizon is on track, although it will close later than expected. The internet company says that it’s “working expeditiously to close the transaction as soon as practicable in Q2,&#8221…

Yahoo CEO Marissa Mayer will be among the six directors who will step down from the board after the company sells its assets to Verizon — and changes its name to Altaba — the company says in an SEC filing. Verizon agreed in July to pay $4.8 billion for Yahoo’s assets and real estate, a deal that’s expected to close…

Yahoo earnings bumped up in after-hours trading following a third-quarter 2016 earnings report that saw revenue top analysts’ expectations. The beat comes amid uncertainty over Verizon’s proposed $4.8 billion deal to acquire Yahoo’s web assets following the disclosure of a massive data breach back in 2014…

Phone giant Verizon will blend Yahoo, one of the Internet’s oldest and best-known properties, with AOL — which it bought last year — as part of a $4.83 billion deal the companies announced this morning. They expect the agreement to close by early 2017, following approvals by shareholders and antitrust officials. It…

UPDATED, 5:10 PM: It looks like Verizon has a deal to buy Yahoo. Bloomberg News reports that the communications giant is set to announce Monday that it will pay $4.8 billion for the beleaguered company’s core web business in a deal that includes some real estate. That figure is in line with analysts’ expectations. The…

Yahoo has no answer yet to the big question: Who, if anyone, prevailed at the company’s auction — where final bids were due today? In a company report disclosing Q2 earnings, CEO Marissa Mayer simply said that the board “has made great progress on strategic alternatives.” Telcos Verizon and AT&T, groups led by…