Yahoo To Change Its Name To Altaba

Yahoo is to change its name to Altaba. The sale of the company to Verizon was reported in 2016, and once completed will result in a name change comprised of the words 'alternative' and 'Alibaba', the Chinese giant whom it has a 15% stake in. The completion of the sale will also remove the six directors at the head of the business, including CEO Marissa Mayer, who has led Yahoo since 2012.