Verizon completes purchase of Yahoo

Verizon completes purchase of Yahoo

Postby CielOnTap on Tue Jun 13, 2017 11:30 am

The Yahoo name will go into the history books and combine with AOL to form a new company in the United States of America. Whatever will become of our Yahoo e-mail addresses now?
Yahoo will be combined with AOL, another faded web pioneer, into a new division of Verizon called Oath, under the leadership of AOL’s chief executive, Tim Armstrong.

Oath has about 1.3 billion users who visit at least once a month, and Verizon hopes to use its range of content and create new forms of advertising to attract more viewers and marketers to the platform. The company also intends to cut costs, with plans to lay off about 2,100 people, or about 15 percent of Oath’s staff.

“Now that the deal is closed, we are excited to set our focus on being the best company for consumer media, and the best partner to our advertising, content and publisher partners,” Mr. Armstrong said in a statement.
80s pop music fan here!
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