Monday, 3 April 2017

Verizon combines Yahoo and AOL to form a new division called Oath

When Verizon closes on its $4.8 billion purchase of Yahoo some time this quarter, the nation's largest carrier plans on combining Yahoo with its AOL business to form a new division called Oath. AOL CEO Tim Armstrong disseminated a tweet on Monday in which he wrote all about the financial strength of Oath. According to Armstrong, the combined company will have 20 brands serving one billion consumers. Armstrong characterized Oath as being unstoppable, and hinted that the company would debut in the Summer.

Armstrong is expected to be given the task of running Oath, and is said to be in the ...

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