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.
Whatever that will be left of Yahoo after its takeover by Verizon will be merged with AOL to form a new company called Oath.
Moreover, Verizon has view that much of Yahoo's value lies in its deep relationship with its customers, and services like Yahoo Finance and Yahoo Sports has deep loyalty among the users.
Neither AOL nor Yahoo commented on what her severance might entail.
The creation of Oath does not necessarily mean that Verizon will eliminate the AOL and Yahoo brands, but it does mean that these companies will operate and report financial results separately from Verizon.
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Among the sites that will come under the purview of Oath and previously belonged to AOL include Engadget, TechCrunch, Huffington Post, MapQuest and so on.
The new unit will oversee more than 20 brands reaching more than a billion consumers. An AOL spokeswoman said, "In the summer of 2017, you can bet we will be launching one of the most disruptive brand companies in digital".
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.
A price cut of Yahoo's internet business early this year by $350 million kept Verizon on track to go ahead the purchase. The deal, which included Yahoo's core assets, real estate assets and some intellectual property, was initially pegged at $4.80 billion.
The other bits of Yahoo that aren't carrying over in the transition will be renamed Altaba. The deal was delayed due to Yahoo's recent hacking disaster and the decline in business. Marissa Mayer will no longer be C.E.O. of Yahoo, whose remaining assets in Chinese e-commerce giant Alibaba will be folded into a holding company called, creatively, Altaba. "Over time, if there's brands we can create around Oath, we would think about that".