Yahoo

Yahoo names Hollywood actress Jessica Alba to board

June 13 (Reuters) – Yahoo on Monday named six people from the technology, media and finance sectors to its board, including Hollywood actress Jessica Alba, as the company aims to diversify its offerings for compete with larger players.

Yahoo, which originated in the age of desktop computers connected to dial-up Internet connections, has sought to expand its offerings to compete with companies such as Alphabet Inc’s Google and Meta Platforms Inc’s Facebook.

Last year, Apollo Global Management Inc completed a $5 billion acquisition of Verizon Media and renamed it Yahoo after Verizon’s iconic digital brand.

Since then, the website has focused on developing Yahoo Finance and Yahoo Sports, while also focusing on advertising and e-commerce platforms. Yahoo has named Jim Lanzone, the boss of dating app Tinder, as chief executive after the deal closes.

Alba, who is also a co-founder of consumer wellness products company Honest Company, will be joined by Aryeh Bourkoff, the CEO of LionTree, a bank that has advised some of the biggest media mergers, as well as Fouad ElNaggar. , the CEO of technology companies Array and Sapho.

Yahoo also named Michael Kives, founder of investment firm K5 Global, Katie Stanton, who has held senior roles at Twitter and Google, and Cynthia Marshall, CEO of the U.S. team, to its board. Dallas Mavericks basketball.

(Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel)