For some years now, yahoo has really been faced with a whole lot of problems and setbacks, most especially the recent saga where the site was hacked and over 1 billion user accounts and passwords were stolen.
I guess it all became too much for yahoo to bear and they finally decided to put up the company for sale. Now Verizon has decided to buy Yahoo’s digital service for a propose fee of $4.8 billion dollars.
The board members that will be replaced includes Yahoo CEO Marissa Mayer, cofounder David Filo, and three other directors. While the new Altaba board members includes, Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith, will remain, with Brandt serving as Chairman. Also, according to what we heard, the new company might actually be an “investment company.”
I guess we all just have to wait for the official announcement.