Verizon merges: Yahoo + AOL = Oath
Verizon has announced a major rebranding of Yahoo following its billion-dollar acquisition of the tech company. Yahoo will merge with AOL to form a company known as Oath. Verizon, who took control of iconic sites like Yahoo search and mail, is possibly planning an Oath launch for summer 2017.
Related: Verizon to release online TV service
AOL CEO Tim Armstrong Yahoo originally agreed to sell its internet operations to Verizon in July for $4.83 billion, but after it was revealed in September that a Russian hack breached 500 million user accounts back in 2014, the company scraped $350 million off its asking price.
Also published on Medium.