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Yahoo is changing its name to Altaba from today

Yahoo is changing its name to Altaba from today | ApNewsCorNer

Yahoo the biggest company we have been seeing from decades is now getting an obscure new name for themselves. The name is ALTABA. The Verizon agreed to buy the company of 4 billion Dollars in July 2016 and then they planned to purchase Yahoo's core internet businesses in all ways.

Which will also include the email service, sports verticals and various apps. The technology company would essentially be its ownership in very valuable Chinese internet giant Alibaba. The deal is gone closed and they finally decided to put the name as Altabab now.

The new name has various explanations one of which they are thinking about Alibaba and Alternative as their meaning. Today Yahoo owns about 15 percent of Alibab which are worth 35$billion.

Tags :
Yahoo, Alibaba, ALTABA, Yahoo as ALTABA, Internet.

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