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.
From privacy problems and foldable phones, to Lumias de-listed, pornographic insights, Windows Goodbye, unlimited limits, and Microsoft's Maluuba, it's our regular roundup of the week's top tech news.
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.
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