Anup Tiwari
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Yahoo names post-spinoff management team, Telecom News, ET Telecom
Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed.
The internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head the financial holding company that remains, provisionally called "Altbaba."
The main holding of Altbaba would be its stake in Chinese internet giant Alibaba, which is worth far more than the rest of the Yahoo operations.
McInerney, 52, has been a Yahoo board member since April 2012 and previously served as chief financial officer of IAC/InterActiveCorp.
Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed.
The internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head the financial holding company that remains, provisionally called "Altbaba."
The main holding of Altbaba would be its stake in Chinese internet giant Alibaba, which is worth far more than the rest of the Yahoo operations.
McInerney, 52, has been a Yahoo board member since April 2012 and previously served as chief financial officer of IAC/InterActiveCorp.
