Yahoo's deal with Verizon closes on June 13

Last year, Yahoo was acquired by Verizon, and the company's shareholders finally gave formal approval to the sale, which is expected to close on June 13, 2017.
Once the deal is done, Yahoo will change its name to Altaba and restructure into an investment company. Altaba will continue to own a large part of Alibaba, the hugely successful web concern that Yahoo is now, but has also branched out into e-commerce. Altaba will also own stakes in other companies and the patent portfolio.
Verizon agreed to pay $4.8 billion for the transaction after cutting its $350 million payment following reports of the world's largest data breaches announced in September and December 2016, which affected 500 million and 1 billion users respectively.
It is rumored that thousands of Yahoo employees who were supposed to move to Verizon once the deal is done will actually be laid off.
On the other end of the line are top executives who will be paid millions instead of being out of a job. Marissa Mayer, for example, will cash in $186 million in Yahoo stock once the acquisition is complete. In addition, Mayer is set to receive a gold-plating bonus worth more than $23 million, unless she is rehired at Yahoo, which is unlikely to happen.
Mayer, who has been with Yahoo since 2012, hasn’t exactly succeeded in her plan to get Yahoo back on track. She has tried different tactics, spending north of $2 billion on acquisitions that were expected to revive the company, but they have only managed to sink it further. The two data breaches that were only disclosed late last year also occurred on its watch, and it is understood that at least one of them had been known about for years, but the company did not inform anyone about the matter as executives did not understand the seriousness of the incident.