YAHOO IS NOW ALTABA?
Yahoo was already a shell of its former self. Now part of the company is getting an obscure new name: Altaba. When Verizon agreed to buy the company for $4.8 billion in July, it planned to purchase just Yahoo's core Internet businesses, which include its email service, sports verticals and various apps. What's left of the embattled technology company would essentially be its ownership in the very valuable Chinese Internet giant Alibaba. When the deal closes, the remaining part will change its name to Altaba, the company announced in security filings on Monday. The sale is expected to be completed by late March, Yahoo said.