Once the Yahoo deal closes, AOL and Yahoo will be known as Oath - or more formally, "Oath: A Verizon Company", as a tweet on Monday from AOL chief executive Tim Armstrong attests. Yahoo owns the likes of Flickr, and services like the Yahoo Mail which are massive. "Say goodbye to AOL and Yahoo", reads a headline at The Week.
A tweet this morning from the AOL CEO Tim Armstrong appeared to confirm earlier rumblings that the dusty internet companies will combine into one even dustier Frankenstein.
Armstrong said Tuesday the Yahoo and AOL brand names aren't going away. Overall, Oath will begin operations with more than 20 brands under them. (It was formerly called "RemainCo" in acquisition documents.) The filing led many outlets to erroneously report that Yahoo, the media brand, would be changing its name to Altaba.
I will get deets on all the other Mayer execs, who have not exactly covered themselves in glory at Yahoo over the last fews years. The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo. The core Web assets that Yahoo is selling to Verizon-its search, e-mail, and content sites-will be merged with another 90s Internet relic, AOL, under Verizon's ever-expanding corporate umbrella.
Schiff says Trump wants focus on tweets, not Russia probe
Democrats and others say the House investigation has already been undermined by committee Chairman Rep. Devin Nunes and are calling for an independent, bipartisan probe like the so-called 9/11 Commission.
Yahoo announced in September that hackers in 2014 stole personal data from more than 500 million of its user accounts.
At the helm of the company for almost five years, Mayer's reign of the struggling business was met with much criticism as Yahoo never caught up to its internet counterparts.
What's left over after the deal - Yahoo's holdings in Chinese e-commerce giant Alibaba and Yahoo Japan, plus a collection of patents - is to be an investment company called Altaba, Yahoo has said in regulatory filings.
But, let us take one moment to discuss what exactly could've been the thinking behind naming the company Oath. Let us know what you think in the comments!