After Verizon Deal, Yahoo to Become ‘Altaba’ and Marissa Mayer to Step Down From Board
SAN FRANCISCO — The fate of Yahoo’s $4.8 billion sale of its internet business to Verizon Communications may be uncertain. But in case it goes through, Yahoo has plans for what will remain.
In a regulatory filing, the company said on Monday that when that deal closed, it would rename itself “Altaba.”
Moreover, more than half of the company’s current board members — including Marissa Mayer, its chief executive — would step down.
It is essentially a play on the single biggest asset that would remain of Yahoo if and when the deal with Verizon closes: a 15 percent stake in the Chinese e-commerce giant Alibaba。 Altaba would also own a 35。5 percent stake in Yahoo Japan。 (A Yahoo spokeswoman declined to comment。)
Still, Altaba is certainly an unusual name — and it also happens to be close to “Al-Taba,” apparently a manufacturer of scissors based in Pakistan.
The company said in its regulatory filing that the directors who would remain after the name change would be Jeffrey Smith, the activist investor who helped prod change at the company; Tor Braham and Catherine J. Friedman, former investment bankers; Eric Brandt, a former chief financial officer of the chip maker Broadcom; and Thomas McInerney, a former chief financial officer of the media company IAC.
该公司在监管备案文件中称，更名后仍将留下的董事包括帮助推动公司改革的激进投资人杰弗里·史密斯(Jeffrey Smith)；前投资银行家托尔·布雷厄姆(Tor Braham)和凯瑟琳·J·弗里德曼(Catherine J. Friedman)；芯片制造公司博通(Broadcom)的前首席财务官埃里克· 勃兰特(Eric Brandt)；以及媒体公司IAC的前首席财务官托马斯·麦金纳尼(Thomas McInerney)。
Among the directors stepping down would be Ms. Mayer; Yahoo’s chairman, Maynard Webb; and David Filo, a Yahoo founder. Mr. Webb would become chairman emeritus of the newly renamed Altaba.
即将退位的董事包括梅耶尔；雅虎董事长梅纳德·韦伯(Maynard Webb)；以及雅虎创始人之一大卫·费罗(David Filo)。韦伯将成为更名后的Altaba的荣退主席。
Of course, all those changes depend on whether Yahoo can actually close on the sale of its primary internet businesses to Verizon, given the disclosure of two hacking episodes, the second of which affected more than a billion user accounts.
Verizon executives have said publicly that they are weighing their options, including potentially paying less than the agreed-upon $4.8 billion. Marni Walden, Verizon’s president of product innovation and new businesses, said last week of the transaction’s fate, “I can’t sit here today and say with confidence one way or another because we still don’t know.”
But Tim Armstrong, the chief executive of AOL, which is owned by Verizon, told CNBC that he was optimistic.
“I remain hopeful the deal will close, and I think we’ll see what the outcomes are of the Yahoo investigations in the meantime,” he said.