Yahoo name change

Posted by | January 9, 2017 19:07 | Filed under: Economy

Republish
Reprint

Yahoo is all but gutted.

Yahoo announced that, following the close of its merger with Verizon, what’s left of the company will be changing its name to Altaba. This was disclosed in an SEC filing.

Basically, Verizon is paying $4.8 billion solely for Yahoo’s core internet business, leaving behind Yahoo’s 15% of Chinese retail giant Alibaba and a part of Yahoo Japan, which is a joint venture with Softbank. Those assets will continue to exist in a separate company that will now operate under the catchy Altaba name.

Click here for reuse options!
Copyright 2017 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

6 responses to Yahoo name change

  1. halfwayin January 9th, 2017 at 19:36

    Verizon dumps 4.8 billion and yet their cell phone connections are a joke. STILL!

    • Duke Woolworth January 9th, 2017 at 21:49

      Their billing screwups are no joke. See the series in the Cleveland Plain Dealer last year.

  2. Hirightnow January 9th, 2017 at 23:10

    Where oh where will the alt-right and Russian trolls go for those oh-so-necessary upvotes,though??
    Why, use of the term “libturd” alone is usually worth 250 thumbs up!

  3. Budda January 9th, 2017 at 23:26

    Yahoo has gone down hill for a while,IMO.

    • Hirightnow January 9th, 2017 at 23:27

      Hard to do, when you start at sea level.

      • bpollen January 10th, 2017 at 19:17

        That’s why they acquired the Yahoo Bathysphere!

Leave a Reply