Yahoo CEO Marissa Meyer leaves the company with a $23m severance package as Verizon closes $4.48bn takeover
Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.
Mayer will receive a $23million severance package, according to an earlier filing, as well as $186million in stock options.
'Given the inherent changes to my role, I'll be leaving the company,' Mayer wrote in an email to the company obtained by CNN.
'However, I want all of you to know that I'm brimming with nostalgia, gratitude and optimism.'
'Verizon wishes Mayer well in her future endeavors,' the company said in a statement.
Although Mayer's five years as CEO of Yahoo were marred with failure, she'll still leave the company with hundreds of millions of dollars.
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