TechCrunch estimates that there are 14,000 jobs across Yahoo! and AOL, with redundancies across different departments totaling 2,100. The media outlet reports that the proxy vote finalizing the Yahoo! acquisition will take place today, meaning that the deal will close in a week's time.
The Yahoo!-AOL combination has been dubbed Oath and will be headed by AOL CEO Tim Armstrong.
Facebook (FB) and Alphabet (GOOGL) are just some of the tech names in Jim Cramer's Action Alerts PLUS portfolio. Get his insights on the biggest names in tech here.