Yahoo appoints Hollywood actress Jessica Alba to board

Yahoo on Monday named six people from the tech, media and financial industries to its board, including Hollywood actress Jessica Alba, as the company aims to diversify its offerings to compete with bigger players.

Yahoo, which sprung up during the age of desktop PCs hooked up to dial-up internet connections, has been looking to grow its offerings to compete with companies such as Alphabet Inc’s Google and Meta Platforms Inc’s Facebook.

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

Since then, the website has focused on building out Yahoo Finance and Yahoo Sports, while also focusing on advertising and ecommerce platforms.