Yahoo, AOL To Merge Into New Company Named 'Oath' After Verizon Acquisition

Posted April 05, 2017

After the report by Business Insider broke out, AOL CEO Tim Armstrong confirmed the name of the new company through Twitter.

There's already some question about how many active daily users Yahoo really retains, since its free e-mail service only deletes users after six (or possibly more) months of inactivity. "Say goodbye to AOL and Yahoo", reads a headline at The Week. The most plausible reason could be that Verizon, and especially Yahoo, employees might be taking the oath to finally work towards protecting their new internet entity from any further weakness and random breaches.

Apparently the Yahoo brand isn't going away as part of the Verizon merger.

The creation of Oath does not necessarily mean that Verizon will eliminate the AOL and Yahoo brands, but it does mean that these companies will operate and report financial results separately from Verizon.

Together, AOL and Yahoo own a number of prominent brands, including The Huffington Post, TechCrunch, Engadget, Tumblr, Flickr and MovieFone. "Oath will start out as a value-based brand connecting our values", Armstrong said.

Yahoo declined to comment.

Over 5 million Syrians have fled homeland
The remarks come one year after the High-Level Meeting on Syria sought pledges to resettle 10% of all Syrian refugees by 2018. Of those, Lebanon is hosting more than a million Syrians, roughly a quarter of its current population of four million.

Verizon is set to complete its $4.48 billion purchase of Yahoo's internet assets by the end of June.

At the helm of the company for almost five years, Mayer's reign of the struggling business was met with much criticism as Yahoo never caught up to its internet counterparts.

Yahoo had announced in September that hackers stole personal data from more than 500 million of its user accounts.

Verizon will also be investing in Yahoo and the Sunnyvale, Calif., campus, and that AOL core brands will also be moving there.

After Verizon scoops up Yahoo's Internet assets, what remains of Yahoo - mostly investment holdings in Alibaba (BABA, Tech30) - will be renamed Altaba.

The Kremlin denied any official Russian involvement in cybercrimes after the USA indicted two FSB intelligence agents over cyber attacks on Yahoo that compromised 500 million accounts. That name is Altaba Inc, which isn't too much better than Oath.