Yahoo acquisition: Here's what Verizon does not get from the deal

Verizon Communications has acquired Yahoo’s operating business for $4.83 billion. This news was officially announced by both Verizon as well as Yahoo CEO Marissa Mayer. Verizon had also acquired AOL last year for $4.4 billion.

With this acquisition, Verizon gets access to Yahoo’s advertising technology tools such as BrightRoll and Flurry, assets such as Search, Mail, Messenger as well as real estate. The deal is expected to close in early 2017.

Marissa Mayer will most likely not be joining Verizon and will be receiving a severance package of $57 million according to compensation research firm Equilar, quoted in the New York Times .

There are certain things though that are not part of the Verizon-Yahoo deal however.

Yahoo which had bought around 40 percent of Alibaba back in 2005 for $1 billion in cash and later sold some of that stock, still owns 15 percent of Alibaba Group Holdings. Post Alibaba going public, Yahoo’s 15 percent holdings worth $31 billion will still remain with Yahoo. This will not be part of the Verizon - Yahoo deal.

Yahoo Japan Corp, in which Yahoo own a 35.5 percent stake will also not be part of the deal. Yahoo Japan Corporation is Japanese internet company formed as a joint venture between Yahoo and Softbank, which is its biggest shareholder. It was set up in 1996. Yahoo Japan is one of the most popular sites in Japan and operates independently of Yahoo.

Apart from these two major components, the Verizon - Yahoo acquisition deal will also not include Yahoo’s cash, Yahoo’s convertible notes, certain minority investments and Yahoo’s non-core patents.

The assets mentioned above will be part of Yahoo, but the company will have to change its name after the acquisition is complete and then become a registered, publicly traded company.