Mayer has mostly kept a low profile since announcing the acquisition last July, which was initially set at $4.83 billion but was later reduced after Yahoo disclosed two unprecedented hacks.
Almost five years to the day after Marissa Mayer took over as C.E.O., ushering in an era of optimism that began with Shepard Fairey-esque posters of her face emblazoned with the word "HOPE" spread throughout Yahoo's Sunnyvale headquarters, Mayer is leaving, the last in a long chain of executives who failed to successfully turn around the company. Since Verizon is a home Internet provider and the largest wireless carrier in the United States, its access to Internet subscribers' browsing histories could help boost the Yahoo/AOL advertising business.
Ms. Mayer has opted to resign from Yahoo given the changes to her role.
Yahoo'semail and other digital services such as sports, finance and news will be run by Tim Armstrong. Chief among those challenges were massive data breaches, which caused Verizon to reduce its purchase price of Yahooby $350 million.
Perhaps most remarkable of all in Mayer's blog, she claimed that under her leadership the company increased in value by $33bn, without mentioning that this was largely down to the increasing value of its 15 per cent stake in Alibaba, which is now worth more than $40bn.
Like AT&T's bid to purchase Time Warner, Verizon's move also reflects a trend in the telecom industry for companies to Wednesday their networking technology to exclusive content. Mayer was at the company for five years.
Besides the vote of approval, shareholders of Yahoo also consented to a compensation advisory note for senior executives with regards to the Verizon deal.
In 2012, after burning through four CEOs in four years, Yahoo's board of directors hired 37-year-old Mayer, a former Google vice president with extensive online search and advertising experience. Yahoo's web assets will be placed under a new unit at Verizon known as Oath. Yahoosaid on its Twitter feed. I want to take a moment to remind you of some of our many achievements together.
Microsoft Announces Its Own E3 Week Price Cut for Xbox One S
That's a 130-per-cent increase over previous year , said Entertainment Software Association chief executive Mike Gallagher. Please note, this deal ends today , so you only have a limited to make the decision and buy the one you are interested in.
Apple 'HomePod' speaker to take on Amazon, Google
Not only will it be able to play any songs or playlists in your library, but it's also capable of maintaining a dynamic playlist. With Apple pricing the HomePod for $349, it's a tough sell compared to the $179 Amazon Echo or the $129 Google Home .
Catfish tosser says he was 'dumb redneck with a bad idea'
Guentzel, who scored the victor in Game 1 , now has the second-highest goal total ever recorded by a rookie in one playoff season. The second game for the most part we played well, but this is a winning business and at the end of the day you just have to win.