Frazone plans to launch Oath on Yahoo

Apr

4

2017

and AOL after the takeover
The acquisition is expected to be completed in the summer of 2017.
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Verizon plans to launch a new name, “Oath,” on Yahoo and AOL after completing the purchase later this year.

AOL’s chief executive said in a tweet posted on Twitter on Monday after reports appeared that Frazone was planning to change Yahoo’s name. He said: “More than a billion consumers, more than 20 brands, the team can not be stopped. ‘# Divide_allim’ #TakeTheOath. Summer 2017 “.

With regard to OTH management, Recode, the technology site, has quoted sources as saying that Yahoo’s current chief executive, Marissa Mayer, will not be in the new company, but will be managed by AOL CEO Tim Armstrong.

In July, Frazone announced that it would buy basic business online, including Yahoo’s e-mail, search and advertising services, for $ 4.48 billion, but Yahoo revealed two times of hacking, stealing more than a billion accounts In one, reduced the value of the deal by about $ 350 million in February.

Prior to its deal with Yahoo, Yahoo was facing increasing pressure from shareholders and investors to sell its core business rather than resort to a separation that would separate the company from its multi-billion dollar stake in Yahoo Japan and Alibaba Holdings.

The move came after more than three years of efforts by Marissa Meyer, who tried to fix the company’s faltering situation by focusing on smart device applications and trying to increase advertising revenue.

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Tim Armstrong ✔ @timarmstrongaol
Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.
1:55 AM – 4 Apr 2017

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