Marissa Mayer, the CEO of perennial drain-circler Yahoo!, will step down from its board of directors, along with five other members, after Verizon finishes gobbling up most of the internet portal.
And once the acquisition is over, the remaining carcass of Yahoo! will change its name to Altaba Inc.
In an SEC filing today, Yahoo! stated that once the Verizon takeover is complete – presumably after the US telco haggles Yahoo! down from its $4.8bn price tag following some serious brand tarnishing – Mayer will quit Yahoo!'s board of directors.
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