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Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation

Friday 16th June 2017

Verizon Communications said on Tuesday it closed its $4.48bn (£3.51bn) acquisition of Yahoo's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

The completion of the acquisition marked the end of Yahoo as a stand-alone internet company, a tech pioneer once valued at more than $100bn.

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