If $4.8 Billion Sale to Verizon Goes Through, Marissa Mayer Is Leaving Yahoo's Board

Internet giant also changes name to Altaba

According to a Securities and Exchange Commission filing, Yahoo chief Marissa Mayer will leave the company's board if the tech giant's $4.8 billion acquisition by Verizon goes through.

Since Yahoo recently disclosed that 1 billion accounts were hacked in 2013, there have been rumors that Verizon would not go through with the deal. While the deal isn't complete and Verizon can still change the terms, the SEC filing at least suggests it is a go for the time being.

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