Verizon plans to combine AOL and Yahoo into a new company called Oath, after completing the acquisition of Yahoo.
AOL chief executive Tim Armstrong confirmed the move on his personal Twitter account ahead of a planned publicity campaign.
Verizon is buying Yahoo's internet business for about US$4.8 billion in cash.
The deal is expected to close in the current quarter.
The remaining parts of Yahoo, which includes its 15% stake in Alibaba and Yahoo Japan, will be called Altaba.
Advertisement
Verizon plans to merge AOL and Yahoo into 'Oath'
2:55 pm, Tue April 4, 2017
More Stories
Advertisement
Most Popular
Fourteen-year-old girl killed in St. Thomas;...
6:00 pm, Wed July 2, 2025
6:00 pm, Wed July 2, 2025
Windies coach fined for breach of ICC's Code...
10:11 pm, Sun June 29, 2025
10:11 pm, Sun June 29, 2025
Reggae Girlz clobbered by England
10:18 pm, Sun June 29, 2025
10:18 pm, Sun June 29, 2025
Advertisement

Advertisement
Advertisement
Advertisement