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

AOL and Yahoo will become Oath folllowing Verizon deal

A report in Recode has hinted that the chief executive will not be continuing with the new Verizon-owned company, the branding of which was unveiled yesterday by AOL boss Tim Armstrong.

Folks, the moment we've all been waiting for is finally official: Verizon is going to combine Yahoo and AOL into one conglomerate called "Oath". Wow!

Neither AOL nor Yahoo commented on what her severance might entail. The latest change is reflected in a tweet made by AOL CEO Tim Armstrong.

Verizon's acquisition of Yahoo (now valued at $4.4bn) is expected to close in June.

"Billion+ Consumers, 20+ Brands, Unstoppable Team".

Verizon's mass media company "AOL" and its newly acquired company "Yahoo" will be merged under a new brand name "Oath" in Summer 2017. A rep for Yahoo declined to comment beyond a statement from Mayer when the Verizon deal was first announced a year ago. If it's up to me, I will not be taking any "oaths", thank you very much.

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It's important to note that Verizon isn't purchasing all of Yahoo's assets.

However, the deal was put in jeopardy by revelations that Yahoo had experienced two massive security breaches affecting more than one billion users.

The entity that remains of Yahoo after the deal closes is also getting a new name, Altaba Inc., the company said in March.

The companies had struck a $4.83 billion deal last July, but re-opened talks after Yahoo revealed that personal information had been stolen from more than 1 billion of its users in two separate hacking attacks in 2013 and 2014. Also, if it will manage to make Yahoo trustworthy again. Ars Technica went so far as to compare it to Altaba and Tronc, arguably some of the most unfortunate company names to have existed. And now, we know what the oath will be.

"We take the OATH to never hire @marissamayer again We take the OATH to get hacked less often We take the OATH to have 80% email uptime", Twitter account Barbarian Capital wrote.

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