The pending merger of Yahoo and AOL, which will happen once Verizon completes its acquisition of Yahoo, will create a new division with a new name.
According to its sources, Business Insider reported that the new name is Oath, a fact that was later confirmed by AOL’s CEO.
Yahoo Acquisition By Verizon
In July of last year, Verizon announced that it will acquire the core internet business of Yahoo for around $4.8 billion. However, after Yahoo revealed that over a billion user accounts had certain details compromised in two separate cyberattacks launched against the company, Verizon recently decreased its offered purchase price by $350 million.