Altaba, yes you read that right. Sounds a bit like machine search engine of the 1990s and like Alibaba, part of which already belongs to company.
As we already knew about Yahoo's decision to sell a stake in Verizon for $ 4,8 billion, the rest of the company announced today that it will be renamed "Altaba," according to TechCrunch.
The new Altaba will be an investment company from now on.
According to a filing with the Securities and Exchange Commission, five members of Altaba's board of directors will resign after the deal, namely David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw, Maynard Webb, and Marissa mayer
Although nothing official has yet been announced about the fate of BoD members, we will definitely learn more details by the end of the day.
