Yahoo to become Altaba if Verizon closes on deal; Marissa Mayer to depart after sale
Verizon will receive the email platform, apps, websites and all advertising technology used by Yahoo. The deal was officially announced by both firms on July 25th. The price of $4.8 billion is a far cry from the $100 billion market cap that Yahoo sported back in 1999-2000.
Verizon, though, is considering pulling out of the deal. More than 1 billion Yahoo accounts were hacked into and the carrier's General Counsel Craig Silliman has been combing through the information related to the hacking, trying to determine whether Verizon should walk away or re-negotiate the price.
Verizon originally wanted to close the deal in the current quarter, and from the sounds of things it seems that the company still wants the deal to go through. Whether it happens at $4.8 billion is another question altogether.