Yahoo sold, Mayer quits
 

After Yahoo shareholder approval last week, Verizon today announced that it has finally closed its acquisition of Yahoo, which it plans to combine with its AOL assets.

The Yahoo name is going to disappear and the company is going to be approapriately called Oath. We say appropriately because Oaths involve rather a lot of swearing, which is exactly what Yahoo has been for the last decade.

The company will be led by Tim Armstrong, who was the CEO of AOL. Marissa Mayer, who had been the CEO of Yahoo, has resigned.

"It's an emotional time for all of us," Mayer, 42, wrote in a blog post on Tuesday. "Given the inherent changes to my role, I'll be leaving the company."

http://fudzilla.com/news/43890-yahoo-sold-mayer-quits