Part of Yahoo is renamed Altaba, Marissa leaves

Altaba, yes you read that right. Sounds a bit like a machine s of 1990 and like Alibaba, part of which already belongs to the company.

While we already knew about Yahoo's decision to sell a part of it to for $ 4,8 billion the rest of the company announced today that it is renamed "Altaba," according to TechCrunch.

The new Altaba will be an investment company from now on.Altaba

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 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.

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Written by giorgos

George still wonders what he's doing here ...

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