The company’s advertising group will be reduced by half by the end of the year

Former Yahoo CEO Marissa Mayer on Wednesday announced the launch of Sunshine, a consumer apps start-up.

Mayer is a working mother

Yahoo's UK arm has been fined £250,000 ($335,000) by the UK Information Commissioner's Office (ICO) over a data breach affecting more than 500 million users which took place in 2014.

Yahoo has said that all of its three billion user accounts were affected in a hacking attack dating back to 2013.

All of the websites owned by Yahoo are now officially part of Verizon. And former Yahoo CEO Marissa Mayer, who famously left Google to take over the Purple Portal, is walking away from the company with a pretty sweet deal. Nearly $260 million.

The department has accused the four defendants of illegally accessing information about millions of subscribers from Yahoo, Google, and other webmail providers.

OUTGOING Yahoo boss Marissa Mayer will receive a $30 million ($US23 million) golden parachute, while her replacement will receive double her base salary.

YAHOO has admitted that hackers breached its system to steal data from one billion user accounts in a massive cyber attack that was unreported for more than three years.

Yahoo secretly scanned millions of its users' email accounts on behalf of the US government, according to a report.

Yahoo has confirmed a massive data breach that compromised the accounts of "at least" 500 million users.

Yahoo did not immediately respond to Business Insider's request for comment.

IT WILL be a long, drawn-out walk to the exit for Yahoo chief executive Marissa Mayer, sources said — despite her talk on Monday that she was “planning to stay” at the web portal.

YAHOO has agreed to sell its core business to telecom giant Verizon for $US4.8 billion ($6.4 billion), ending a 20-year run by the internet pioneer as an independent company, the firms announced.

Verizon announced on Monday morning it will buy Yahoo for $4.83 billion in cash. It is the end of a closely-scrutinized, six-month sale process.

US telecoms giant Verizon Communications is to buy Yahoo's search and advertising operations for $5bn (£3.8bn), according to media reports.

America’s telecommunications company Verizon is in "one-on-one" talks with Yahoo after beating rival bidders for crippled internet giant, Bloomberg reported citing sources.

YAHOO’S latest earnings report leaves no doubt the internet company is stuck in a downward spiral.

Marissa Mayer may be ending her tenure at Yahoo on a sour note.