As part of Yahoo's sale to Verizon Communications, Marissa Mayer will step down as CEO, and will be compensated $23 million. The company will also be spun off, under a different name, and a new CEO.
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Verizon's planned Yahoo acquisition has been delayed for several months, while the SEC has opened an investigation over whether Yahoo failed to promptly disclose details of two massive data breaches.
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After Yahoo disclosed details of another massive security breach this week, affecting up to a billion users, Verizon is said to be seriously considering if its $4.83bn acquisition is really worth it.
Verizon is said to be seeking a $1bn discount on the $4.8bn it previously agreed to pay for Yahoo - but Yahoo is sticking to its guns and refusing to budge, saying a deal is a deal.
Verizon - which agreed to buy Yahoo's core business for $4.83bn - is 'evaluating' its interests, after Yahoo failed to mention its massive 2014 data breach, affecting 500m users, until this week.
