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Yahoo Changing Its Name to Altaba, CEO to Depart

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Yahoo chief executive officer Marissa Mayer and co-founder David Filo are leaving the company once the company's sale to Verizon is complete.

According to a filing with the US Securities and Exchange Commission, Mayer, Filo, and several other board members are stepping down. The company will also change its name to Altaba, Inc.

Verizon is buying Yahoo's core business for roughly $4.8 billion USD.

Yahoo CEO Marissa Mayer. Image Source: Yahoo

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