What will happen to Yahoo Products after Verizon, takeover?

I have a few things on Yahoo one being Yahoo Answers so lots of users and I are wondering what will happen to products like Yahoo Answers and Yahoo mail..because at the moment there is hardly any info well only this on Y!A now but hard to understand as it is in American English plus worded weirdL

"Terms of Service Update

May 12, 2017

If you haven’t heard, Yahoo plans to sell its operating business to Verizon. We anticipate the completion of the transaction to occur in June 2017. At the completion, the Yahoo operating business will join the Verizon family of companies, and Yahoo Holdings, Inc. will be offering the Yahoo services you love and enjoy.

In connection with this proposed transaction, Yahoo is updating its terms of service to reflect the Yahoo Holdings, Inc. name and to add the following sentence to Section 28: “Yahoo may freely assign the TOS and all of the policies and other documents incorporated or referenced in it (including all rights, licenses, and obligations under it or them), in whole or in part and without notice.”

These updated terms are effective immediately for any new user registrations. For existing users, they will automatically be effective on June 8, 2017, unless you cancel your Yahoo account(s) before then.

That’s it! We look forward to continuing to deliver your favorite products and services. " 

Can anyone help word it in English where it is easy to read..like what do they mean by the effective part also unless you cancel account, so they are not going to cancel/delete our accounts?

Also isis the customer care by Verizon good coz by Y!A it sucks big time.

Please help.

1 Reply
Community Leader
Community Leader

Basically says that effective June 8, if you are an existing customer, you will be bound by the new TOS that allows them to assign it all to Verizon.