It's official: Yahoo shareholders approve the $4.48 billion sale to Verizon
Advertisement
Justin Sullivan/Getty Images
Advertisement
Once the deal closes, Yahoo and AOL will be merged into a combined entity called "Oath." AOL has indicated that it's planning over 2,000 layoffs following the deal's close.
Marissa Mayer will be stepping down as CEO of Yahoo, though she will still own about $186 million worth of stock when she leaves.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Yahoo's purchase price was lowered by $350 million in the wake of the revelation that Yahoo passwords and personal information had been compromised in a massive hacking attack.
Yahoo stock is up 8.5% at the time of writing.
Advertisement
Get the latest Yahoo stock price here.
Next StoryAdvertisement
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
Catan adds climate change to the latest edition of the world-famous board game
Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
JNK India IPO allotment – How to check allotment, GMP, listing date and more
Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
