Verizon, seeking to build an array of digital businesses that can
compete for users and advertising with Google and Facebook,
announced on Monday that it was buying Yahoo’s core internet
business for $4.83 billion in cash.
The deal, which was reached over the weekend, unites two titans of
the early internet, AOL and Yahoo, under the umbrella of one of
the nation’s largest telecommunications companies. Verizon bought
AOL for $4.4 billion last year. Now it will add Yahoo’s consumer
services — search, news, finance, sports, video, email and the
Tumblr social network — to a portfolio that includes AOL as well
as popular sites like The Huffington Post.
Good luck with that.
In an interview, Ms. Mayer said, “I plan to stay. I love Yahoo and
I want to see it into its next chapter.” But she and Tim
Armstrong, the chief executive of AOL, said it had not yet been
decided if she would have a role at the company after the deal
closed in early 2017.
If she is terminated, she will be due severance of about $57
million. If she received that payout, her total compensation from
Yahoo for her service so far would be about $218 million,
according to the compensation research firm Equilar.
Translation: She’s gone.