Verizon is officially the owner of Yahoo. Yahoo CEO Marissa Mayer is departing the combined company. Mayer was an incredible hire by Yahoo when it brought her on as CEO five years ago. She came to the company after spending more than a decade at Google spearheading key products like search and Maps.
The Yahoo acquisition has taken a long time to close. Verizon initially made an offer last July, for $4.83 billion in cash.
Yahoo had been subject to multiple major data breaches. Verizon decided to stick with Yahoo anyway, ultimately just shaving $350 million off the purchase price.