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Oath, Altaba start new life as Verizon closes Yahoo buy

Wednesday 14 June 2017 | 09:17 CET | News
Verizon Communications has completed its acquisition of Yahoo's web assets for USD 4.48 billion. The operations have been combined with Verizon's AOL business to create Oath, which now includes over 50 media and technology brands engaging with more than 1 billion people around the world. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios, Yahoo Finance, and Yahoo Mail. Tim Armstrong, the former CEO at AOL, will head Oath, which will now begin operation.With the completion, former Yahoo CEO Marissa Mayer has resigned.

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Categories: Internet
Companies: Verizon Communications / Yahoo
Countries: United States / World
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