The shakeup will also see Yahoo change the name of the post-acquisition company, which will hold Alibaba assets (that is, the part of the company that isn't going to Verizon), to Altaba. Doesn't exactly roll off the tongue, does it? This move had been planned since the acquisition was made public, but the name wasn't certain until now.

It's not explicitly mentioned why Mayer is exiting the board, but it's likely just because she has no reason to help manage an investment firm -- that's not why she became Yahoo's CEO. Still, it's a symbolic move. Given that Mayer also won't lead the part of Yahoo that's merging with Verizon (that's up to the telecom's Marni Walden), this effectively marks the end of her leadership at Yahoo. She'll still be around in the Verizon era, but it won't be the same now that she isn't calling all the shots. Not that she'll necessarily mind given Yahoo's extremely rough 2016.