Verizon has announced a new name for the company that will house Yahoo and AOL once the merger is complete – Oath.
In July 2016, Verizon announced that it will acquire Yahoo’s operating business for approximately $4.83PHP 283INR 409EUR 5CNY 35 billion in cash and will be integrated with AOL.
Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017. pic.twitter.com/tM3Ac1Wi36
— Tim Armstrong (@timarmstrongaol) April 3, 2017
According to NY Times, the Oath brand will apply to the digital media division of Verizon once it has completed the acquisition of Yahoo’s internet assets by end of June. However, legacy brands like Yahoo, AOL, and The Huffington Post will continue to operate using their own names but under the new Oath umbrella.
source: NY Times, Business Insider
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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emjhay says:
The question is what will happen to Yahoo Mail accounts once the merger is completed?