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.
"Yahoo is a company that changed the world. Now, we will continue to, with even greater scale, in combination with Verizon and AOL," she added. The text of her post can be found at the bottom of this story.
Mayer's turnaround efforts had been the subject of plenty of criticism, particularly for numerous expensive acquisitions that did little to stem a broader decline in its online advertising business.
Just how long she will remain with Verizon has already become the subject of plenty of speculation. Recode reported that Mayer will be out after the deal is officially completed.
If Mayer is pushed out, she is inline for a severance package that could be worth more than $50 million — bringing her overall compensation for her work at Yahoo to about $218 million, according to compensation analysis from Equilar.
The addition of Yahoo is Verizon's second major digital acquisition in about a year, following on its $4.4 billion purchase of AOL in May 2015. Yahoo and AOL are expected to merge some of their operations.
Source: Mashable
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