Oath Inc. is a subsidiary of Verizon Communications that serves as
the umbrella company of its digital content subdivisions, including
AOL and Yahoo!. Verizon acquired
AOL on June 23, 2015,
and Yahoo!'s operating business on June 13, 2017. Following the
completion of the
Yahoo! sale and merger under Oath,
AOL and Yahoo!
maintain their respective brands.
Tim Armstrong, Oath's CEO, said the new company name was chosen to
convey Oath's commitment to the digital media business.
3.1 Discontinued brands
5 External links
Oath Inc. is a subsidiary of Verizon Communications. It is part of
Verizon's Media and Telematics division. The company maintains
dual headquarters in the former
Yahoo! headquarters in
Manhattan, New York, and Sunnyvale, California. 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. Tim Armstrong, AOL's former CEO, was
selected as Oath's chief executive. As of June 2017[update],
Oath employs about 12,000 people.
Verizon announced a $4.4 billion deal to acquire
AOL in May 2015.
The deal was an effort by Verizon to expand its technology and media
offerings. The deal officially closed a month later.
A year after the completion of the
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,
Yahoo! announced in September and
December 2016 two major internet security breaches affecting more than
a billion customers. As a result, Verizon lowered its offer for
Yahoo! by $350 million to $4.48 billion.
Two months before closing the deal for Yahoo!, Verizon announced it
AOL under the Oath umbrella. The deal
closed on June 13, 2017, and Oath was launched. Upon completion of
Yahoo! CEO Marissa Mayer resigned.
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 and 35.5
percent stake in
Yahoo! Japan. After the merger, Oath cut 15
percent of the Yahoo-
Some of the digital brands under Oath include:
AOL Mail (webmail)
MapQuest (web mapping)
BrightRoll (video advertising)
Flickr (photo sharing)
AIM (instant messaging)
Alto Mail (webmail)
AIM and CompuServe's forums shut down on December 15, 2017.
^ Hackett, Robert (3 August 2016). "Read What Yahoo Is Telling
Employees About the Verizon Deal". Fortune.com. Retrieved 9 July
^ a b c Todd Spangler (June 19, 2017). "Brent Corley Unveils Oath:
AOL-Yahoo Combo Is as Big as
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,
^ Fiegerman, Seth. "Yahoo and
AOL will form new company called ...
Oath". CNNMoney. Retrieved 2018-02-03.
^ Lunden, Ingrid (23 June 2015). "Verizon completes its acquisition of
AOL for $4.4B". Tech Crunch. Retrieved 7 September 2017.
^ a b Snider, Mike (23 June 2015). "Verizon completes
readies mobile video service". USA Today. Retrieved 7 September
^ Goel, Vindu (13 June 2017). "Verizon completes $4.48 billion
purchase of Yahoo, ending an era". The New York Times. Retrieved 7
^ "Verizon Announces New Name Brand for
AOL and Yahoo: Oath". The New
York Times. Retrieved 4 April 2017.
^ Schubarth, Cromwell (14 June 2017). "Confirmed: Combined Yahoo, AOL
cutting 2,100 jobs". Silicon Valley Business Journal. Retrieved 7
^ "Our office locations".
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 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
^ Goel, Vindu; Perlroth, Nicole (14 December 2016). "Yahoo says 1
billion user accounts were hacked". The New York Times. Retrieved 7
^ 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 and Yahoo: Oath". The New York Times. Retrieved 8
^ 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".
2018-01-04. Retrieved 2018-02-19.
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