Yahoo shareholders approve sale of core business to Verizon

Verizon

Yahoo! owns a 15% stake in Alibaba, and today, Yahoo! during a special meeting the sale of the company's "operating business", its advertising operations, to Verizon Communications ().

Verizon agreed to cut the deal price by $350 million in February following Yahoo's disclosures of two massive security breaches affecting more than one billion users. Marissa Mayer, Yahoo's outgoing CEO, stands to make $186 million from the sale.

Verizon will have to pay a price for laying off Yahoo employees.

Yahoo! agreed to sell its business to Verizon past year for $4.5 billion. In addition, Yahoo stockholders voted to approve the advisory vote on the compensation payable to the Company's named executive officers in connection with the completion of the Sale Transaction. TechCrunch reports that 14,000 employees now work at AOL and Yahoo.

Gerard Pique backs Ernesto Valverde for FC Barcelona job
Future Barcelona boss Ernesto Valverde is set to sign a three-year deal at Barcelona according to Mundo Derpotivo. Now I have to decide whether I will take on a new adventure, and it would have to be a challenging one".

"Consistent with what we have said since the deal was announced, we will be aligning our global organization to the strategy", said an AOL spokesperson in an email to TheWrap. The combined monstrosity will be called "Oath," presumably because Verizon has realized that neither AOL nor Yahoo are particularly well-regarded brands these days. "Oath's strategy is to lead the global brand space".

Mr. Armstrong chose his leadership team several weeks ago, and that group has helped determine where the layoffs will occur, the person said.

News of the layoffs were first reported by technology website TechCrunch.

Related News:

  • Morata emerges as 'number one summer target' for Man Utd

    Alvaro Morata denies suggestions that he has agreed to join AC Milan this summer and declares himself "happy" at Real Madrid . The Spain global wants more playing time than he is now receiving at the Bernabeu, but the club won't let him leave cheap.
    Password manager OneLogin suffers major hack

    Password manager OneLogin suffers major hack

    Password manager OneLogin suffered a breach in its US data region, according to a blog written by OneLogin CISO Alvaro Hoyos . Staff were not aware of the breach until seven hours later at 9am PST and it was shut down within minutes.

    Next Weeks Broker Price Targets For Fitbit (NYSE:FIT)

    Fitbit Inc. (FIT ) belongs to the "Technology" sector with an industry focus on "Scientific & Technical Instruments", with Mr. In other news, EVP Andy Missan sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 7th.
  • Gorilla gives birth with help from doctors who treat people

    Gorilla gives birth with help from doctors who treat people

    Ayana, a Western lowland gorilla , was born in the early hours of April 22 to mother Touni and silverback gorilla father Jock. After having gone into labour on Thursday, zoo staff sought assistance when it became clear the Kira was having difficulty.

    Your Views: Climate accord was a bad deal for US

    Chinese officials recently asked the state for guidance with a carbon emissions trading market they plan to launch this year. This is China's first time hosting the Clean Energy Ministerial, which began amid the city's characteristic sheen of haze.
    Sen. Ben Cardin: Trump Sent 'Wrong Message' With Travel Ban Tweets

    Sen. Ben Cardin: Trump Sent 'Wrong Message' With Travel Ban Tweets

    President Trump has previously used the phrase " watered down " to describe his revised executive order. Conservatives meanwhile were warning the tweets could undermine the administration's legal case.
  • Clooneys have twin boy and girl

    Clooneys have twin boy and girl

    Amal's mother, Baria, speaking from the London hospital where she was with her daughter, said: " We are over the moon . The Clooney family members are not the only people celebrating the birth of Alexander and Ella Clooney .
    OAS debates crisis in Venezuela

    OAS debates crisis in Venezuela

    At least 62 people have been killed in the two month-long confrontation and another 1,100 people have been injured. Nomura Securities said it also bought about $100m worth of the bonds last week, according to Reuters reports.

    Putin's dinner with Michael Flynn: I didn't even really talk to him

    Speaking to NBC News' Sunday Night with Megyn Kelly , Mr Putin said he recalled the dinner in question as a routine event. Kennedy. "This is happening in no small part because of Russia's fight for its interests, its legitimate interests".
  • 16-year-old girl charged with fatally stabbing Uber driver

    16-year-old girl charged with fatally stabbing Uber driver

    Police say Eliza was unresponsive when they found her in hiding, blood splattered across her shirt and still gripping the weapons. Wasni climbed into the front seat of Nelson's silver sedan and drove away before striking a central reservation in the road.
    SEC tweaks graduate transfer rules, opening door for Zaire

    SEC tweaks graduate transfer rules, opening door for Zaire

    Friday's vote reduced the ban from three years to one, a proposal by the athletic directors at SEC spring meetings in Destin, Fla. Zaire hasn't made his final decision but reportedly was waiting to see what the SEC did before making his pick.

    Kurdish militants claim downing of Turkish military chopper

    Defence minister Fikri Isik and other government ministers immediately left the capital, Ankara , for Sirnak, DHA reported. Turkish soldiers carry the coffin of Colonel Oguzhan Küçükdemirkol who was among 13 killed in the helicopter crash.


Most liked

SpaceX taking recycling all way to orbit for NASA
In case any delays arise during the countdown due to technical or weather issues a 48 hour scrub to Saturday will result. This will be the 100th overall launch from NASA's historic pad 39A, which is now under lease by SpaceX .

Wildlife presentation at next Summer Reading Program Performance
The Rancho Santa Fe Library held a party on the patio June 1 to jumpstart the 2017 Summer Reading Program. Sign-ups began June 6 and will continue through the end of the program on August 8.

US will stay in fight against climate change, vows California governor
Trump argued that the Paris agreement favors emerging economies such as China's and India's at the expense of USA workers. Trump claims the treaty was negotiated poorly and puts the United States at an economic disadvantage.

Pakistan's injured Wahab Riaz ruled out of Champions Trophy
Raees was part of Pakistan's T20I squad against West Indies and made his debut for the national side a year ago in a T20I. A scan confirmed that Wahab suffered a serious injury and it will take him a minimum of two weeks to recover from it.

Comey expected to refute Trump
Republicans will be interested in whether he faced any pressure under the Obama administration to let Clinton off the hook. Rollins and others with Great America say they plan to stand up for Trump in cable appearances Thursday.

$3.8 billion Dakota Access oil pipeline begins service
But President Donald Trump , fulfilling campaign promises, quickly reversed Obama's decision after taking office. The Bakken Pipeline is a joint venture between Energy Transfer Partners , MarEn Bakken and Phillips 66.

Apple unveils 'HomePod' speaker, first new product in years
From initial images it appears the HomePod will be available in white or dark grey. It will also be possible to exchange data between gym equipment and the watch.

Stabbings reported as police respond to three London incidents
British Transport Police said there were reports of "multiple" casualties following the major incident on London Bridge. London Ambulance Service tweeted: "Multiple resources attending an incident at #LondonBridge , please avoid the area".

The White House Says It Won't Answer Questions About Russia Anymore
But the push has gained momentum as more revelations emerge about Kushner's questionable activities. United States intelligence officials have said Kushner is not accused of any wrongdoing.

Strong storms possible again after Tuesday's sudden severe weather
The Warren County Sheriff's Office reported utility lines down on Route 9N in Hague as winds hit almost 60 miles per hour . Thunderstorm chances are expected to increase Thursday and decrease as the weekend ends, according to the weather service.

Stock Stepping Up to a Recent High: Terreno Realty Corporation (NYSE:TRNO)
Voya Investment Management Limited Liability Com stated it has 0.04% of its portfolio in Terreno Realty Corporation (NYSE:TRNO). Price T Rowe Md holds 0.01% or 492,002 shares. 07/01/2016 - SL Green Realty Corporation was downgraded to " by analysts at UBS.

Finals pick up where they left off with Cavs-Warriors III
He's been mentioned on a level with Michael Jordan - I've chimed in on that subject - and for the most part it's deserved. As an underdog after finally bringing a banner home to Cleveland , James is playing with house money.

Japan, US Conduct Joint Naval Drill Off Korean Peninsula
USA and Japanese leaders had agreed 26 May to increase tangible pressure on North Korea. Washington has described the exercise as " routine training ".

Predators goalie Rinne struggling as Pens take 2-0 lead
The Penguins beat Rinne four times on just 11 shots in Game 1 and scored three goals on 25 shots Wednesday for a 2-0 series lead. Ultimately, it's about 1-on-1 battles and bringing your best game and as a group, collectively, we found a way to bring it".

Trump to announce decision on Paris climate pact Thursday
President Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. If the United States withdraws, it will join Syria and Nicaragua as the only countries not to participate in the agreement.