The closure of the deal means that the 12-year tenure of CEO Marissa Mayer draws to a close with her resignation, although she will remain the head of Altaba, the rump of Yahoo that largely compromises Yahoo's 15 per cent stake in Chinese e-commerce giant Alibaba and Yahoo Japan.
"Verizon has combined these assets with its existing AOL business to create a new subsidiary, Oath, a diverse house of more than 50 media and technology brands that engages more than a billion people around the world." That portfolio includes the largely knackered Yahoo brands of Tumblr, Yahoo Finance, Yahoo Mail and Yahoo Sports, together with a lot of old AOL rubbish, including Huffington Post, AOL.com and MAKERS, whatever that is.
Given the inherent changes to my role, I'll be leaving the company.
"It's been my great honour and privilege to be a part of this team for the last five years.
However, Mayer claimed that under her tenure Yahoo become one of just three internet companies in the world with more than one billion monthly users, "dispensing" (ie: closing) 150+ "subscale products and features" and, apparently, invested in search, although you wouldn't know it if she hadn't told you.