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Yahoo change the name to Altaba after $6.5 billion sale to Verizon

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YAHOO will adopt a new corporate identity and cut the size of its board in half if the proposed $6.5 billion ($US4.8 billion) sale of its digital services to Verizon Communications goes through.

The company plans to change its name to Altaba Inc after it turns over its email, websites, mobile apps and advertising tools to Verizon.

News of the less-than-catchy new company name prompted a string of tweets poking fun at the company, whose sale to Verizon has been jeopardised by Yahoo’s recent discovery of two separate hacking attacks that stole personal information from more than 1 billion user accounts.

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