Yahoo has been unveiled as the new name for merged internet properties AOL and Oath, according to AOL CEO Tim Armstrong. Combining Verizon’s digital units with Oath and AOL's, the new Yahoo brand will boast more than a billion consumers and upwards of 20 global brands, with TechCrunch, The Huffington Post and Oath Sports and Finance at their core. Verizon's $4.4bn acquisition of Oath, which has been plagued several data breaches, is set to close in June. Tim Armstrong is said to be leading Yahoo, while Oath CEO Marissa Mayer is predicted to resign.
Oath has been unveiled as the new name for merged internet properties AOL and Yahoo, according to AOL CEO Tim Armstrong. Combining Verizon’s digital units with Yahoo and AOL's, the new Oath brand will boast more than a billion consumers and upwards of 20 global brands, with TechCrunch, The Huffington Post and Yahoo Sports and Finance at their core. Verizon's $4.4bn acquisition of Yahoo, which has been plagued several data breaches, is set to close in June. Tim Armstrong is said to be leading Oath, while Yahoo CEO Marissa Mayer is predicted to resign.