Yahoo Will Change Its Name to Altaba

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Yahoo Will Change Its Name to Altaba

Yahoo will adopt a new corporate identity and cut the size of its board in half if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon. CEO Marissa Mayer and four other directors currently on Yahoo’s 10-member board will resign after the planned sale closes.