Jun 13, 2017

Verizon completes Yahoo acquisition

Michael Probst /AP

Verizon on Tuesday completed its $4.5 billion purchase of Yahoo's Internet assets, which basically means it bought all of Yahoo except for its equity holdings in Alibaba and Yahoo Japan.

  • New names: Yahoo will be integrated into existing Verizon property AOL, which will operate as a new internal business called Oath. The remaining Yahoo asset structure is called Altaba.
  • Big number: 2,100. That's how many Yahoo and AOL employees are expected to be laid off, representing around 15% of the combined workforce.
  • Happy trails: Outgoing Yahoo CEO Marissa Mayer receives a golden parachute valued at more than $23 million, and this morning sent a memo to staffers that she then posted to Tumblr (which was her largest acquisition while running Yahoo).

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America's future looks a lot like Nevada

Illustration: Sarah Grillo/Axios

Today's Nevada caucus will foreshadow the future of American politics well beyond 2020.

Why it matters: The U.S. is in the midst of a demographic transformation, and the country's future looks a lot like Nevada's present. Today's results, in addition to shaping the 2020 race, will help tell us where politics is headed in a rapidly changing country.

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 16 hours ago - Health