Published: Wed, April 05, 2017
Technology | By Ramiro Moody

Oath is the new name for AOL and Yahoo, we swear!

Oath is the new name for AOL and Yahoo, we swear!

Oath, the new company post the merger of Yahoo and AOL will have more than 20 brands and services between them that cater to over a billion users worldwide.

Yahoo (YAHOF) and AOL are expected to form a new company under Verizon called Oath. If everything goes according to plan, soon people will be checking Oath Mail for their daily dose of spam and Oath News for curated news from across the web. What in tarnation? Is the combination of Yahoo and AOL some kind of demonic telecom funded cult?

Confirmation of the new name was tweeted from Armstrong's account after reports of the name leaked in United States media reports.

Verizon will be merging AOL and Yahoo businesses under a common Umbrella called Oath starting this summer after the buyout completes later this month.

The news follows a report from Recode earlier in the day that Yahoo CEO Marissa Mayer will not be joining the company when it finalizes its sale to Verizon.

Under revised terms of the delayed deal, Verizon's purchase of Yahoo assets will total $4.48 billion.

The new unit will oversee more than 20 brands reaching more than a billion consumers.

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In a move of either inspired branding or someone having taken too many drugs, the companies formerly known as Yahoo and AOL will cease to exist and will collectively be known instead as Oath following the completion of Verizon Communications Inc.'s acquisition of Yahoo.

Yahoo in September a year ago announced that hackers in 2014 stole personal data from more than 500 million of its user accounts and in December it admitted to another cyberattack from 2013 affecting more than a billion users.

It's important to note that Verizon isn't purchasing all of Yahoo's assets.

Yahoo previously announced that the parts of the business Verizon is not acquiring - mostly Yahoo's remaining investment in Alibaba Group Holding Ltd. Yahoo was criticized by a lot of people for naming its remaining business, "Altaba", which seemed like a odd name for a brand.

Yahoo chief executive Marissa Mayer.

Just like us, Roberts is also unclear about the reasons why it's named Oath. Let us know what you think in the comments!

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