Yahoo CEO Marissa Mayer: I want to see Yahoo into the next chapter

Yahoo CEO Marissa Mayer signaled on Monday that she would be open to staying with the company even though no decision has been made on her future following its acquisition by Verizon.

"I love Yahoo, and I want to see Yahoo into the next chapter," she told CNBC's "Squawk on the Street."

She said AOL CEO Tim Armstrong "and I are old friends and colleagues and I very much respect him and am looking forward to working with him again."

Verizon purchased AOL's internet business last year for $4.4 billion. Armstrong will lead Yahoo's integration with AOL and Verizon.

Marni Walden, Verizon president of product innovation and new businesses, told CNBC's "Squawk Box" earlier Monday that Verizon had not yet made a decision about what role if any Mayer would have after the deal closes.

Mayer said her two immediate priorities are seeing the Yahoo sale through to its anticipated close in the first quarter of 2017 and managing the value of its remaining Asian assets.

After those issues are resolved, she said she is "very open-minded."

Verizon on Monday announced plans to acquire Yahoo for $4.8 billion in cash, ending months of uncertainty after Mayer's battered internet giant company said it would review strategic alternatives.

Marissa Mayer
Elijah Nouvelage | Reuters
Marissa Mayer

When finalized, the deal will mark the end of Yahoo as an operating company, leaving it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba. Yahoo will also retain its cash, convertible notes, certain minority investments, and a noncore portfolio of patents called Excalibur.

Mayer defended the company's achievements during her four years at the helm of the one-time internet titan, saying she did not view the sale of its operating business to Verizon as a failure.

"I think that overall when you look at what the company has achieved over its history and where we are today, I couldn't be prouder of the team that we have and what we've been able to achieve," she said.

Mayer said Yahoo had modernized its product line, pivoted to automated ad buying technology, tripled its audience on mobile devices to more than 600 million monthly active users, and grown its user base by more than 50 percent to more than a billion users on a monthly basis.

Mayer has tried to focus investors on the expansion of "mavens" — a term that stands for mobile, video, native and social operations.

Still, some of the initiatives launched on her watch failed to produce a turnaround. Earlier this year, the company shuttered its original and syndicated content platform, Yahoo Screen, which it launched two years prior.

By the time Mayer was named CEO in 2012, Yahoo had been eclipsed by today's tech giants, Facebook and Google, which dominate the digital advertising space. Yahoo has around 3 percent of global digital advertising, according to Brian Wieser of Pivotal Research Group, who recently downgraded the stock. At its peak, Yahoo had around 20 percent share, Wieser wrote.

In December, Yahoo scrapped plans to spin off its Alibaba stake after investors worried about whether that transaction could have been carried out on a tax-free basis. It instead decided to explore a sale of its core assets, spurred on by activist hedge fund Starboard Value.

Five bidders submitted offers in the final round, CNBC reported last week.

Also last week, Yahoo reported quarterly earnings that slightly missed analysts' expectations, and revenue that beat projections — in part due to what Mayer called "disciplined expense management."

Disclosure: CNBC has a content-sharing partnership with Yahoo's finance site.

— CNBC's Anita Balakrishnan and Reuters contributed to this story.