Verizon Completes Yahoo Acquisition of Mayer with $23 Million Demission

【Global Technology Report】 According to the British "Daily Mail" reported on June 13, US telecommunications giant Verizon announced on June 13 that the completion of the acquisition of Yahoo, with a turnover of 4.48 billion US dollars. Yahoo CEO Marissa Mayer will leave and receive a $23 million termination bonus. Verizon, the largest wireless communications company and local telephone company in the United States, announced plans to acquire Yahoo's core Internet business in July last year. After the acquisition is completed, Yahoo's Internet business will integrate with the AOL brand and establish a new subsidiary "Oath" led by AOL CEO Tim Armstrong. On June 16th, Yahoo will be renamed "Altaba" and will become a holding company. It currently holds a 15.5% stake in Alibaba.com. Yahoo's former board member Thomas McInerney will serve as Altaba CEO. Marissa Mayer has been CEO of Yahoo since 2012. In an e-mail, she wrote, “In view of the inherent changes in my role, I will leave from Yahoo. But I want to tell everyone that my heart is full of memories, gratitude, and confidence in the future.” Verizon is also A statement stated that "Verizon hopes that Meier will be successful in the future." The United States "New York Times" reported that, in addition to the $ 23 million in departure money, Meier will also receive $ 186 million in stock options. (Internship Compilation: Zhang Qian Reviewer: Li Zongze)

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