Verizon plans to combine AOL and Yahoo into a new company called Oath, after completing the acquisition of Yahoo.
AOL chief executive Tim Armstrong confirmed the move on his personal Twitter account ahead of a planned publicity campaign. The tweet read: "Billion+ Consumers, 20+
Brands, Unstoppable Team. #TakeTheOath. Summer 2017." However, the new name is already being ridiculed online, with one site saying, "At least it's better than Tronc."
Tronc, formerly known as Tribune Publishing, is a US company which owns the Los Angeles Times, Chicago Tribune and other newspaper titles. Verizon is buying Yahoo's internet business for about $4.8bn (£3.6bn) in cash. The deal is expected to close in the current quarter. The remaining parts of Yahoo, which includes its 15% stake in Alibaba and Yahoo Japan, will be called Altaba.
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