Verizon has officially acquired Yahoo

Almost a year after it was initially announced, Verizon finally completed its $4.48 billion acquisition of Yahoo on Tuesday. The deal was on rocky ground for a while after Yahoo revealed two security breaches that impacted over a billion users, causing them to knock $350 million off the final price. Verizon will now combine Yahoo with AOL and create a new company called "Oath," eliminating 2,100 jobs in the process. Yahoo CEO Marissa Mayer will be resigning from the company now that the acquisition is complete and will receive a severance of $23 million.