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Oath Inc.
Oath Inc.
is a subsidiary of Verizon Communications[4] that serves as the umbrella company of its digital content subdivisions, including AOL
AOL
and Yahoo!.[5][6][7] Verizon acquired AOL
AOL
on June 23, 2015,[8][9] and Yahoo!'s operating business on June 13, 2017.[10] Following the completion of the Yahoo!
Yahoo!
sale and merger under Oath, AOL
AOL
and Yahoo! maintain their respective brands.[11] Tim Armstrong, Oath's CEO, said the new company name was chosen to convey Oath's commitment to the digital media business.[2]

Contents

1 Operations 2 History 3 Brands

3.1 Discontinued brands

4 References 5 External links

Operations[edit] Oath Inc.
Oath Inc.
is a subsidiary of Verizon Communications. It is part of Verizon's Media and Telematics division.[12] The company maintains dual headquarters in the former AOL
AOL
and Yahoo!
Yahoo!
headquarters in Manhattan, New York, and Sunnyvale, California.[13] Oath has offices elsewhere throughout the United States, in addition to Australia, Belgium, Brazil, Canada, China, Denmark, France, Germany, Hong Kong, India, Ireland, Israel, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Singapore, South Korea, Spain, Sweden, Taiwan, Thailand, and United Kingdom.[14] Tim Armstrong, AOL's former CEO, was selected as Oath's chief executive.[15] As of June 2017[update], Oath employs about 12,000 people.[15] History[edit] Verizon announced a $4.4 billion deal to acquire AOL
AOL
in May 2015.[16] The deal was an effort by Verizon to expand its technology and media offerings.[16] The deal officially closed a month later.[9][16] A year after the completion of the AOL
AOL
acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core internet business, looking to invest in internet company's search, news, finance, sports, video, email and Tumblr
Tumblr
products.[17] Yahoo!
Yahoo!
announced in September and December 2016 two major internet security breaches affecting more than a billion customers.[18] As a result, Verizon lowered its offer for Yahoo!
Yahoo!
by $350 million to $4.48 billion.[19] Two months before closing the deal for Yahoo!, Verizon announced it would place Yahoo!
Yahoo!
and AOL
AOL
under the Oath umbrella.[20] The deal closed on June 13, 2017, and Oath was launched.[21] Upon completion of the deal, Yahoo!
Yahoo!
CEO Marissa Mayer resigned.[21] Yahoo!
Yahoo!
operations not acquired in the deal were renamed Altaba, a holding company whose primary assets are its 15.5 percent stake in Alibaba Group
Alibaba Group
and 35.5 percent stake in Yahoo!
Yahoo!
Japan.[21] After the merger, Oath cut 15 percent of the Yahoo- AOL
AOL
workforce.[2] Brands[edit] Some of the digital brands under Oath include:[22]

AOL

AOL
AOL
Mail (webmail) Autoblog Cambio.com CompuServe Engadget HuffPost MapQuest
MapQuest
(web mapping) Moviefone Netscape RYOT TechCrunch

Yahoo!

BrightRoll
BrightRoll
(video advertising) Flickr
Flickr
(photo sharing) Polyvore Tumblr Flurry

Discontinued brands[edit]

AOL

AIM (instant messaging) Alto Mail (webmail)

AIM and CompuServe's forums shut down on December 15, 2017.[23] References[edit]

^ Hackett, Robert (3 August 2016). "Read What Yahoo Is Telling Employees About the Verizon Deal". Fortune.com. Retrieved 9 July 2017.  ^ a b c Todd Spangler (June 19, 2017). "Brent Corley Unveils Oath: AOL-Yahoo Combo Is as Big as Netflix
Netflix
and Looking to Expand". Variety. Retrieved June 19, 2017.  ^ Lomas, Natasha. "Latest round of Verizon layoffs at Oath affects <4% of staff globally". TechCrunch. Retrieved 2018-02-19.  ^ "What is Oath; Verizon's new venture combining Yahoo, AOL". The Indian Express. 2017-06-14. Retrieved 2018-02-03.  ^ Spangler, Todd (June 16, 2017). "Verizon Closes $4.5 Billion Yahoo Deal, Marissa Mayer Resigns". Variety. Retrieved June 13, 2017.  ^ Wallenstein, Andrew (June 22, 2017). "With Yahoo Deal Done, Verizon Digital Network Steps Into Spotlight". Variety. Retrieved July 20, 2017.  ^ Fiegerman, Seth. "Yahoo and AOL
AOL
will form new company called ... Oath". CNNMoney. Retrieved 2018-02-03.  ^ Lunden, Ingrid (23 June 2015). "Verizon completes its acquisition of AOL
AOL
for $4.4B". Tech Crunch. Retrieved 7 September 2017.  ^ a b Snider, Mike (23 June 2015). "Verizon completes AOL
AOL
acquisition, readies mobile video service". USA Today. Retrieved 7 September 2017.  ^ Goel, Vindu (13 June 2017). "Verizon completes $4.48 billion purchase of Yahoo, ending an era". The New York Times. Retrieved 7 September 2017.  ^ "Verizon Announces New Name Brand for AOL
AOL
and Yahoo: Oath". The New York Times. Retrieved 4 April 2017.  ^ http://www.zdnet.com/article/verizon-nfl-strike-mobile-streaming-deal/ ^ Schubarth, Cromwell (14 June 2017). "Confirmed: Combined Yahoo, AOL cutting 2,100 jobs". Silicon Valley Business Journal. Retrieved 7 September 2017.  ^ "Our office locations". Oath Inc.
Oath Inc.
Retrieved 7 September 2017.  ^ a b Spangler, Todd (19 June 2017). "Tim Armstrong unveils Oath: AOL-Yahoo combo is as big as Netflix
Netflix
and looking to expand". Variety. Retrieved 7 September 2017.  ^ a b c DiChristopher, Tom (23 June 2015). "Verizon closes AOL acquisition". CNBC. Retrieved 7 September 2017.  ^ Goel, Vindu (25 July 2016). "Verizon announces $4.8 billion deal for Yahoo's internet business". The New York Times. Retrieved 7 September 2017.  ^ Goel, Vindu; Perlroth, Nicole (14 December 2016). "Yahoo says 1 billion user accounts were hacked". The New York Times. Retrieved 7 September 2017.  ^ Fiegerman, Seth (21 February 2017). "Verizon cuts Yahoo deal price by $350 million". CNN. Retrieved 7 September 2017.  ^ Chokshi, Niraj; Goel, Vindu (3 April 2017). "Verizon announces new name brand for AOL
AOL
and Yahoo: Oath". The New York Times. Retrieved 8 September 2017.  ^ a b c "Verizon closes Yahoo deal, Mayer steps down". Reuters. 13 June 2017. Retrieved 8 September 2017.  ^ "Oath brands". June 16, 2017. Retrieved June 16, 2017.  ^ "AIM has been discontinued as of December 15, 2017". AOL
AOL
Help. 2018-01-04. Retrieved 2018-02-19. 

External links[edit]

Official website

v t e

Oath Inc.

Brands

AOL

AOL
AOL
Mail Autoblog Cambio.com Engadget HuffPost MapQuest Moviefone Netscape RYOT TechCrunch

Yahoo!

BrightRoll Flickr Flurry Panama Polyvore Rivals.com Tumblr Yahoo!
Yahoo!
Answers Yahoo!
Yahoo!
Finance Yahoo!
Yahoo!
Groups Yahoo!
Yahoo!
Query Language Yahoo!
Yahoo!
Mail Yahoo!
Yahoo!
Movies Yahoo!
Yahoo!
Music Yahoo!
Yahoo!
News Yahoo!
Yahoo!
Messenger Yahoo!
Yahoo!
Search Yahoo!
Yahoo!
Smart TV Yahoo Sports Yahoo!
Yahoo!
Tech Yahoo!
Yahoo!
View

Corporate

Verizon Communications

v t e

Major Internet
Internet
companies

Companies with an annual revenue of over US$2 billion

Largest Internet
Internet
companies

Baidu Facebook FMG/Fusion Media Group Google InterActiveCorp Microsoft Naver NetEase Netflix Tencent Twitter Uber Vox Media Yandex

Cloud computing

Akamai Technologies Alibaba Cloud Amazon Web Services Google IBM Microsoft Oracle Corporation Rackspace Salesforce.com

E-commerce only

Alibaba Group Amazon.com eBay Flipkart Groupon JD.com Shopify Rakuten

See also Largest IT companies List of largest Internet
Internet
companies Category:

.