Verizon Closes The Yahoo Deal; Yahoo CEO Marissa Mayer Resigns

Yahoo CEO Marissa Mayer, seen in 2014, wrote a farewell post to employees titled "Nostalgia, Gratitude & Optimism." She signed off with: "Yaho-o-oo! Marissa."

Verizon has completed its $4.5 billion acquisition of Yahoo, folding it and AOL into a digital media subsidiary called Oath. Mayer is expected to receive a $23 million golden parachute as she exits.

(Image credit: Julie Jacobson/AP)

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