Verizon to Combine AOL and Yahoo!
The New York telecom plans to rebrand the digital business containing the iconic Internet brand and the AOL under the name Oath.
When Verizon (VZ) - Get Report closes the $4.48 million purchase of Yahoo!'s (YHOO) operating business, the New York telecom plans to rebrand the digital business containing the iconic Internet brand and AOL under the name Oath.
AOL boss Tim Armstrong tweeted the new name on Monday, following a report on Business Insider. Verizon did not immediately say whether the Yahoo! and AOL brands would survive.
The deal is yet to close. Verizon has said that the combined AOL and Yahoo! would have 1.3 billion users and $7 billion in sales.
