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  • 00:00COMPANIES. WE WILL BE SHOWING BREAKING NEWS NOW. YAHOO! IS NAMING ERIC BRANDT AS CHAIRMAN. MARISSA MAYER WILL RESIGN FROM THE BOARD OF YAHOO!. YAHOO! CHANGING TO FACILITATE TRANSITION OF THE COMPANY TO AN INVESTMENT COMPANY, AND THE COMPANY NAME WILL BE CHANGED TO ALL--- ALL ABBA AFTER CLOSING. I KNOW -- IS THIS A POSITIVE STEP? MICHAEL: IT IS PART OF A PROGRESSION. AS THE COMPANY SPLIT INTO THE CORE YAHOO! BUSINESS, WHICH HAS BEEN SOLD TO VERIZON, AND THE OTHER PART, WHICH HAS NOTHING TO DO WITH THE OPERATIONS, WHICH IS THE COMPANY'S OWNERSHIP OF ALIBABA AND YAHOO! JAPAN . THAT COMPANY NEEDS TO BE MANAGED BY PEOPLE WHO ARE FOCUSED ON MONETIZING THE INVESTMENT AND DOING SO IN A WAY, WITH A MINIMUM AMOUNT OF TAXES. MARISSA MAYER WAS BROUGHT IN AS AN OPERATING EXECUTIVE, AND AS
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Yahoo: Marissa Mayer to Resign From Board

  • Bloomberg Technology

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January 9th, 2017, 11:00 PM GMT+0000

Activate CEO Michael Wolf discusses Yahoo CEO Marissa Mayer said to resign from the board. Wolf speaks on "Bloomberg Technology." (Source: Bloomberg)


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