Yahoo’s 22-year run as an independent company is over, marking the end of an era for one of the earliest web giants — and one of the few to maintain some level of relevance as the internet evolved.
Verizon acquired Yahoo’s core business on Monday for $ 4.83 billion, the culmination of months of speculation about the future of the web company.
It had been widely expected that a sale deal would be the end of CEO Marissa Mayer’s tenure atop the company, but in an email to employees, Mayer said she’s staying.
“For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter,” she wrote. Read more…
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Yahoo bought by Verizon for $4.83 billion
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