At twenty-two years, Yahoo will adopt new corporate identity to the sale to Verizon. As well, the company founded by Jerry Yang and David Filo in the year 1994, shall be converted into an investment company.
In 2013, the company changed its logo to a font more thin, keeping its purple color and the exclamation point, after suffering in the last decade with the advance of its competitors Google and Facebook.
Yahoo, one of the pioneer companies in the digital age, will cut its board by half if it makes the sale of its digital services Verizon Communications, for an amount of approximately 4, one thousand eight hundred millions of dollars. Marisa Mayer, the director-general and other eleven directors that form part of the board of directors shall be relinquished after completion of the sale is planned.
the name of The plan to change Yahoo is Altaba Inc, a company that will be transferred to the digital operations of e-mail, web sites, mobile applications, and advertising tools.
The agreement with Verizón has been at risk after recent discoveries of penetrations of the security of hackers, who stole data of more than a billion user accounts.
In a statement to Reuters on Monday, 9 January 2017, Eric Brandt joined as chairman of the board, while David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw, Maynard Webb said leave the board of directors following the closing of the agreement. Notimex
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