Verizon to take 'Oath' as new company to run Yahoo, AOL

Verizon to take 'Oath' as new company to run Yahoo, AOL

Verizon to take 'Oath' as new company to run Yahoo, AOL

Verizon's Yahoo deal is expected to be worth just over $4USD billion dollars and their purchase of AOL back in 2015 was also just over $4USD billion dollars. "Summer 2017", Armstrong tweeted yesterday afternoon. Armstrong will reportedly oversee the new company. Yahoo CEO Larissa Mayer will quit the company's board.The internet business of Yahoo and AOL would be combined into a unit called Oath, US media reports said Tuesday.

Yahoo declined to comment.

"For me personally, I'm planning to stay", Mayer said last July.

This being Yahoo, we fully believe that more is coming from a colon.

Verizon is set to complete its $4.48 billion purchase of Yahoo's internet assets by the end of June. But the most important brands we have are things like Yahoo!

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Yahoo's next chapter will likely begin sometime this quarter if and when Verizon closes its deal to buy the company. Verizon's goal was to use Yahoo's billion users to build an online advertising powerhouse to rival Google and Facebook. And in December it admitted to another cyber attack from 2013 affecting more than a billion users. Last month, the U.S. Department of Justice indicted four men, including two officers with Russia's FSB security agency, in connection with those hacks.

An independent investigation concluded this year "certain senior executives" at Yahoo "did not properly comprehend or investigate" the security breach.

"We wanted something that would be a B2B name that would connect to all the brands: Yahoo, AOL, Huffington Post, TechCrunch, Engadget - all of those brands are going to be the things that consumers see", Armstrong said.

Well, the latest disaster of a media brand name is at least a real word - albeit one that appears to have been selected at random from a dictionary. After all, "if we can get used to 'Yahoo!' we can get used to Oath".

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