Today Verizon confirmed that it plans to acquire Yahoo s core assets — search, advertising and content, along with Yahoo s Sunnyvale real estate — for $4.83 billion in cash.
Whether Marissa Mayer, the CEO of Yahoo, will be coming to Verizon after the deal closes is not yet clear, since her role was not specified in the deal terms, from what we understand and Mayer herself doesn t indicate anything specific, either .
However the CEO of AOL today issued an internal memo that confirmed she and the leadership team will be working with her on the deal up to the close — expected in Q1 2017 — along with other details.
Yahoo is a powerful platform for global consumers and has an incredibly talented global team.
Together AOL and Yahoo, mobilized by the power of Verizon, will instantly create an entity reaching over 1B people with an unrivaled roster of the world s most powerful brands.
We are charting the course to our 2020 goals of reaching 2 billion consumers and today s deal is a major and important milestone in that journey.