Yahoo! chief executive Marissa Mayer will leave the company after its deal with Verizon is completed, but will be handsomely compensated with a payout of US$23 million.
Search company Yahoo! will change its name to Altaba after the sale of its core assets to Verizon is completed, according to a regulatory filing with the Securities and Exchange Commission.
Yahoo! chief executive Marissa Mayer has been sued by a former senior executive of the company who has accused her of orchestrating a campaign to purge the organisation of male employees.