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Mayer to Yahoos: 'I'm planning to stay'

In a letter to Yahoo employees, CEO Marissa Mayer indicates she wants to stay on at the company after its acquisition by Verizon.

© ELIJAH NOUVELAGE/Reuters/Corbis
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Although many of her media bets as CEO of Yahoo failed, Marissa Mayer wants to stick around.

In an open letter to employees on Yahoo's Tumblr page, Mayer indicated that she'd like to stay on in some capacity after her company gets acquired by Verizon, a $4.83 billion move made official Monday.

"For me personally, I'm planning to stay," she wrote. "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter."

Verizon indicated that it plans to merge Yahoo with AOL, another faded star of the web's early days, which the communications giant bought last year for 4.4 billion. Marni Walden, a Verizon executive vice president, will manage the Yahoo and AOL assets.

In her four years as CEO, Mayer has tried to make the company a media destination, hiring personalities like journalist Katie Couric and acquiring the rights to cult favorite shows like the sitcom "Community." In January, Yahoo shut down Screen, its video service for original content, and admitted it never figured how to make money off "Community."

"With more than 100 million wireless customers, a shared view of the importance of mobile and video ad tech, [and] a deep content focus through AOL, Verizon brings clear synergies to the table," said Mayer in her letter. "Now, it is up to us to make Yahoo's final quarters as an independent company count."