In the report documents, precisely at 8:01 Item say, Yahoo's directors decided to change the name into Altaba Yahoo Inc. This follows the completion of the acquisition transaction Verizon against Yahoo.
Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney, and Jeffrey Smith, the current Yahoo board member, proposed as directors in Altaba. Brandt later would act as the lead directors.
The composition of the board of directors Altaba also designed to be mostly occupied by people Starboard, Yahoo persuade investors to sell his company. Smith and Braham himself both also come from Starboard.
However, as quoted KompasTekno of Business Insider, Tuesday (10/01/2017), Verizon as the owners want to retain Yahoo's new Yahoo brand that has been popular for a number of its online consumer services.
With the retention of a plan of the Yahoo brand, Yahoo name will remain.
Marissa Mayer plans to resign
In the same document, Yahoo CEO Marissa Mayer and several high-ranking Yahoo also called strategic positions they will take off today. However, this decision is not final.
Yahoo acquired by Verizon with a value of 4.83 billion US dollars (USD 63 billion) in cash. Unification of internet companies and telecom operators who are both based in the United States agreed in July 2016 ago.
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