Once Yahoo is fully under Verizon's control, it'll be combined with AOL to form a new entity known as "Oath." The new content division's name was confirmed in a tweet from AOL CEO Tim Armstrong.
Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.
This change will take place when Verizon's $4.48 billion acquisition of Yahoo finishes. That deal covers Yahoo's search, content, ad-tech, and mail businesses. Oath won't include the parts of Yahoo that are being left behind, including a 15% stake in Alibaba.
Armstrong mentioned "Summer 2017" in his tweet, which is presumably when a full launch of Oath will take place.
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