Verizon Closes The Yahoo Deal; Yahoo CEO Marissa Mayer Resigns
Verizon has completed its $4.5 billion acquisition of Yahoo, folding it and AOL into a digital media subsidiary called Oath. Mayer is expected to receive a $23 million golden parachute as she exits.
Updated at 3:12 p.m. ET
The first sentence of Yahoo's Wikipedia page now reads, "Yahoo! Inc. was an American multinational technology company."
Yahoo's Internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition.
And Marissa Mayer.
