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Yahoo CEO Mayer exits as Verizon completes acquisition

Yahoo CEO Mayer exits as Verizon completes acquisition

Yahoo CEO Marissa Mayer has left the business as Verizon officially completed its US$4.48 billion (£3.50 billion) acquisition of search and media business Yahoo.

Yahoo has been combined with AOL and will sit under a new media and technology division Oath, which has 50 media and technology brands including HuffPost, Yahoo Sports, Yahoo Mail, Yahoo Finance, AOL.com and Tumblr.

In Australia, Seven and Yahoo will continue to invest in the Yahoo7 joint venture but Seven will launch and market its own long-form catch-up service. See: Seven and Yahoo joint venture to continue despite Verizon buyout.

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