Well, it seems that Verizon is sick of both AOL and Yahoo! as it finalizes the purchase of Yahoo!
Thanks to security breachs of gargantuan proportions, Yahoo has lost a ton of value — and the company was struggling even when Verizon announced its intentions to buy the former internet juggernaut. Part of the value lost is in the Yahoo brand, which Verizon apparently considers toxic at this point. To that end, Verizon is changing the name of the combined Yahoo and AOL company. Business Insider first reoprted that”Oath” will be the new name of the company. Minutes after we published this story, AOL CEO Tim Armstrong confirmed the change in a tweet.
To read the rest of the Engadget story, click here.
Twitter Graphic by: Engadget.com
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