Verizon to call merged Yahoo, AOL company Oath

AOL chief executive Tim Armstrong at Advertising Week New York 2016   John Lamparski  Getty Images

(It was formerly called "RemainCo" in acquisition documents.) The filing led many outlets to erroneously report that Yahoo, the media brand, would be changing its name to Altaba.

Verizon bought AOL, which includes popular web sites like The Huffington Post, Engadget and TechCrunch, for $4.4 billion in the summer of 2015.

Apparently not coming along for the ride at Oath will be current Yahoo Marissa Mayer, according to Recode, which reported that the terms of her exit is still being negotiated.

Yahoo originally declined to comment on the possibility of being rebranded as Oath. "It's important to me to see Yahoo into its next chapter".

Verizon is buying Yahoo's assets for about $4.48 billion to expand beyond a maturing wireless and landline business into mobile media and advertising ventures.

Armstrong confirmed the new brand in a tweet urging users to #TakeTheOath. A rep for Yahoo declined to comment beyond a statement from Mayer when the Verizon deal was first announced previous year.

The Kremlin denied any official Russian involvement in cybercrimes after the U.S. indicted two FSB intelligence agents over cyber attacks on Yahoo that compromised 500 million accounts.

The deal, first announced in July of previous year, is expected to be final by sometime this summer.

The U.S. Justice Department charged two Russian intelligence operatives along with a pair of hackers last month in connection with the cyberattacks. An independent investigation had concluded this year in which certain senior executives at Yahoo did not properly comprehend or investigate the security breach. Marissa Mayer will no longer be C.E.O. of Yahoo, whose remaining assets in Chinese e-commerce giant Alibaba will be folded into a holding company called, creatively, Altaba.

With enclosure of all these deals, Yahoo as we know it may be done. It's also known that CEO Merissa Mayer won't leading the Verizon-acquired Yahoo businesses.

"We take the OATH to never hire @marissamayer again We take the OATH to get hacked less often We take the OATH to have 80% email uptime", Twitter account Barbarian Capital wrote.



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