Yahoo is now officially Verizon's problem and Marissa Mayer waves goodbye

Verizon today reveals that it has completed the acquisition of Yahoo, nearly a year after announcing the deal. Big red initially agreed to pay $4.83 billion, but after the massive security breach that resulted in over one billion hacked accounts was disclosed to the public the value dropped to $4.48 billion. What is interesting is that Yahoo will not operate as an individual subsidiary, as you might expect. Instead, Verizon will combine it with AOL under a different brand, called Oath, which it describes as a "diverse house of more than 50 media and technology brands that engages more than a billion people around… [Continue Reading]