Tech Gist

Yahoo's Leftovers Will Be Called 'Altaba.'

P.S. I intentionally included ‘leftovers’ in the title because I don’t want you thinking the worst without reading.
Before you get your knickers in a twist, the Yahoo we all know isn’t changing its name, but a part of the company that remained after the Verizon sales is getting a weird new name — Altaba  (The Yoruba girl in thought AltBaba at first, lol).

Apparently, when Verizon agreed to buy the company for $4.8 billion in July 2016, it planned to purchase just Yahoo’s core Internet businesses, which include its email service, sports verticals, and various apps. What’s left of the embattled company would essentially be its ownership in Chinese Internet giant Alibaba — this is the part that is getting a new name — which will become an investment firm, not an internet company
The thought process behind the name choice? It is a combination of the words “alternative and Alibaba.”
Image and video hosting by TinyPic
Apart from the name change, Yahoo CEO Marissa Mayer is to step down from its board but will continue to be CEO.

Ad

5 comments on “Yahoo's Leftovers Will Be Called 'Altaba.'

  1. ỌBÁDÁRÀ says:

    …WELL, YAHOO IS GASPING FOR FINAL BREATH AND I HOPE THE SAVIOUR DOCTOR- VERIZON WILL BE ABKE TO REVIVE YAHOO. AND THEY NEED TO SIMPLIFY IT LIKE GMAIL…

  2. KingAbsolute says:

    A lot of people have left Yahoo for other simpler mailing app, because to get Yahoo, it’s apps and use them is kinda rigorous. Maybe this coming sale will change all that, and make users return back to the service.

  3. pWilliams says:

    Altaba…..it doesn’t sound funny

  4. Kaybang says:

    So let me get this straight, Yahoo sold its core businesses to Verizon and the remaining (leftovers) pointless parts of the company is the Altaba that’s now an investment firm (the one owned by the Chinese)? I’m sorry, but my reading comprehension sucks a bit☺

  5. Rotimi Popoola says:

    What a name altaba…. yahoo why now

Leave a Reply

Your email address will not be published.

Scroll to top