Former leading search engine giants, Yahoo! seem to have finally fallen apart! Just right after successful completion of the sale of a significant part of the company to Verizon, a whole lot of changes seem imminent… one of which have been announced already – a change of name of the remaining part of the company that was not acquired by Verizon. Yahoo said it would change its name after the sale of its core business to Verizon was completed.
What’s left remaining will now be called Altaba (formerly known as “RemainCo”), a holding company for Yahoo’s 15% stake in Alibaba and its 35.5% stake in Yahoo Japan. The new name, which sounds awful and weird by the way, was apparently originated from two parent word “alternative” and “Alibaba”.
Of those imminent changes mentioned earlier in this post that have also occurred is the stepping Yahoo’s CEO, Marissa Mayer from its board of directors but will, however, continue to be CEO.