Yahoo CEO Marissa Mayer is Hollywood Archivesleaving the company.
A $4.48 billion deal in which Verizon will subsume Yahoo's business operations has led to her resignation, though she stashed away $23 million on the way out.
SEE ALSO: More women than ever lead Fortune 500 companies this year — but it's still not that many"Given the inherent changes to my role, I’ll be leaving the company," Mayer wrote in a note on Tumblr. "However, I want all of you to know that I’m brimming with nostalgia, gratitude, and optimism."
You can read the full note, here.
Despite the divorce of Mayer and Yahoo, her departure was somewhat expected as a part of this deal.
Verizon, which owns AOL, will now combine AOL and Yahoo into a media operation known as Oath, which posted a promo video on Twitter early Tuesday morning.
This Tweet is currently unavailable. It might be loading or has been removed.
By their powers combined, the operation — which features names from Tech Crunchto HuffPost— will reportedly reach around one billion consumers.
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