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Verizon plans to merge AOL and Yahoo into 'Oath'

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.    



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