Verizon Makes New Oath

Verizon last week completed its US$4.5 billion acquisition of Yahoo's operating business assets, merging it with its existing AOL business to create Oath. The new subsidiary encompasses more than 50 media and technology brands -- including HuffPost; Yahoo Sports, Finance and Mail; AOL.com; Makers; Tumblr; TechCrunch; Flickr; and Build Studios. Oath is organized around content: news, sports, finance, entertainment and lifestyle. Oath's CEO is Tim Armstrong, who was CEO of AOL prior to the merge.
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