Yahoo to change name to Altaba

Yahoo plans to change its name to Altaba Inc after it turns over its email, websites and mobile apps to Verizon and Marissa Mayer will step down from Yahoo’s board of directors. Ms. Mayer was named CEO of Yahoo in 2012.

The name is a combination of the words “alternate” and “Alibaba,” a person familiar with the matter said.

This sale is expected to be completed by late March, Yahoo said.

Yahoo

Yahoo (Photo: Michael Probst/AP)

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