Marissa Mayer to Yahoo: So long and thanks for all the cash
Yahoo CEO Marissa Mayer is leaving the company.
A $4.48 billion deal in which Verizon will subsume Yahoo's business operations has led to her resignation, though she stashed away $23 million on the way out.
"Given the inherent changes to my role, I’ll be leaving the company," Mayer wrote in a note on Tumblr. "However, I want all of you to know that I’m brimming with nostalgia, gratitude, and optimism."
You can read the full note, here.
Despite the divorce of Mayer and Yahoo, her departure was somewhat expected as a part of this deal.
Verizon, which owns AOL, will now combine AOL and Yahoo into a media operation known as Oath, which posted a promo video on Twitter early Tuesday morning.
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By their powers combined, the operation — which features names from Tech Crunch to HuffPost — will reportedly reach around one billion consumers.
Colin is Mashable's US & World Reporter. He previously interned at Foreign Policy magazine and The American Prospect. Colin is a graduate from Columbia University Graduate School of Journalism. When he's not at Mashable, you can most likely find him eating or playing some kind of sport.
