Yahoo Small Business To Be Spun Off To Luminate From Aabaco

Aug 19, 2015 • 8:28 am | comments (7) by twitter Google+ | Filed Under Yahoo News
 

Yahoo has sent out an email to customers of their Yahoo Small Business service that the Yahoo Small Business program will be spun off at Yahoo and owned by a new company in the future.

Yahoo said:

After months of planning we're excited to announce our new name, Luminate, and our new company, Aabaco Small Business, LLC. Aabaco Small Business, LLC is currently owned by Yahoo! Inc. but will become owned by Aabaco Holdings, Inc. (“Aabaco”) when Aabaco is spun off from Yahoo to its shareholders. Following the spin-off, Aabaco will be a separate company that will operate independently of Yahoo.

Yahoo will no longer be running the program but Aabaco promises a "smooth and seamless transition."

If you visit luminate.com you will see this message:

yahoo luminate

Here is the email sent to customers about this, via @NortheasternExt:

yahoo luminate email

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