Yahoo CEO Marissa Mayer Resigns as Verizon Officially Acquires the Company

As of today, it's finally part of the telecom giant

Verizon has finally officially acquired Yahoo, and that means Yahoo CEO Marissa Mayer is saying goodbye.

Today, the companies announced Verizon has completed its $4.5 billion deal originally announced nearly a year ago, marking the end of an uncertain chapter in the life of the internet legacy company. In a statement announcing the acquisition, Verizon confirmed Mayer’s resignation, citing “inherent changes” in her role with Yahoo that resulted from the acquisition. With her exit, Mayer will receive a compensation package valued around $23 million.

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