Yahoo's assets will be combined with AOL brands under a new subsidiary called Oath, headed by ex-AOL CEO Tim Armstrong.
The "Squawk on the Street" team discuss the news that Verizon's acquisition of Yahoo's core assets has closed and Yahoo CEO Marissa Mayer has resigned from the company.
June 8- Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc's core assets next week, a person briefed on the matter said. Many of the jobs are in California and some are outside the United States, according to the source, who asked not to be identified because the matter is not yet public.
"Given what happened in the performance of the company, it seems on the egregious side," Sue Decker tells CNBC.
Sue Decker, Raftr co-founder, talks about the company's conversation-friendly platform that allows people to join networks and discussions.
Sue Decker, Raftr co-founder, weighs in on how the sale of Yahoo will likely benefit the company, Marissa Mayer's "egregious" compensation package, and the issue of cybersecurity.
Marissa Mayer's five-year tenure at Yahoo produced few results but made her a boatload of money.
Marissa Mayer, Yahoo's chief executive, will be well compensated for her five-year stint at the company, the NYT reports.
Verizon says total revenues for its wireless business fell by 5.1 percent from a year ago.
Tim Armstrong, AOL CEO, talks about building the company's brand and eventual departure of Marissa Mayer.
Tim Armstrong, AOL CEO, talks about the resurgence of Yahoo and AOL, and the new company named 'Oath' that will oversee both. Our mission is to build brands that people love, says Armstrong.
Terms of Mayer's departure are still being worked through, Recode reports.
Yahoo lawyer Ronald Bell resigned from the company.
Russian agents gained information on "millions of subscribers" at Yahoo and Google, the Justice Department says.
CEO Lowell McAdam failed, after two massive security breaches came to light, to convince Yahoo to slash by a fifth the $4.8 billion price tag.
Verizon sought almost triple the price reduction that it ultimately obtained for Yahoo's core assets.
Yahoo named its post-Verizon deal executive team, with board member Thomas McInerney serving as CEO and Alexi Wellman filling the CFO position.
The CEO agreed to give up 2017 annual equity award due to a 2014 security breach that exposed user information.
Yahoo general counsel Ronald Bell resigns, and CEO Marissa Mayer will not receive a 2016 cash bonus. CNBC's Josh Lipton reports.
Verizon is close to announcing a revised takeover deal with Yahoo that will cut the price slightly, sources said.