Marissa Mayer

Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands.

Yahoo confirmed on Jan. 9 that chief executive Marissa Mayer will quit the company's board after its merger with Verizon.

Mayer is expected to remain with Yahoo's core business, which is being bought by the U.S. telecom titan.
 Yahoo is selling its internet operations as a way to separate that from its more valuable stake in Chinese internet giant Alibaba.

Yahoo Inc. last year secretly built a custom software program to search all of its customers' incoming emails for specific information provided by U.S. intelligence officials, according to people familiar with the matter. 

Yahoo Inc said on Sept. 22 that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach by far. 

Yahoo has begun shutting down some of its digital magazines as the struggling online pioneer's latest reorganization plan.

Yahoo reported April 21 a 93 percent slide in quarterly profit from a year ago, while revenues rose modestly in disappointing quarterly results for the struggling Internet pioneer.

Net profit for the first quarter tumbled to $21.1 million from $312 million in the same period last year, amid what chief executive Marissa Mayer called "encouraging revenue growth" of eight percent.