TechTaffy

tech:

taffy

Verizon completes Yahoo acquisition; Marissa Mayer resigns as CEO

By TechTaffy Desk

Verizon Communications has completed its acquisition of Yahoo. Marissa Mayer, Yahoo CEO, has resigned from the company.

Verizon has combined the Yahoo assets with its existing AOL business, to create a new subsidiary, Oath. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios, Yahoo Finance, and Yahoo Mail, among other properties.

Tim Armstrong, former CEO of AOL, is now CEO of Oath, which is part of Verizon’s Media and Telematics organization. He has been leading integration planning teams since the Yahoo transaction was announced in July 2016, according to a statement from Verizon.

PS: You can read Marissa Mayer’s Tumblr post on her stepping down here.

[Image courtesy: Yahoo]

 

Just in

AI

Anthropic introduces team plan, iOS app for Claude AI

Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry

Tencent, Mercedes-Benz, EA partner for in-car gaming

Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI

Amazon Q generative AI chatbot now generally available

Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings

Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.
Around the web

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.