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SEC filings in January 2017 stated that if Verizon followed through with the .8 billion acquisition of Yahoo!
, that this would only be the core Internet business, and the remaining Yahoo divisions would be rebranded as Altaba, said to be created from "alternative and Alibaba".
The cut was expected to save around 5 million annually after the layoffs are completed at end of 2012.
is sell the company." On December 14, 2016, the company revealed that another separate data breach had occurred in 2014, with hackers obtaining sensitive account information, including security questions, to at least one billion accounts.
In addition to user information, the hackers gained access to Yahoo's cookie creation software.
On November 11, 2014, Yahoo announced it would acquire video ad company Bright Roll for $640 million.
Video was one of the company's key growth areas and the acquisition made Yahoo's video ad platform the largest in the U. By the fourth quarter of 2013, the company's share price (NASDAQ: YHOO) had more than doubled since Marissa Mayer took over as president in July 2012; however, the share price peaked at about $35 in November 2013.
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