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AOL, Yahoo to Be Renamed Oath In Merger

Yahoo is reportedly getting a new name.                  Ethan Miller Getty Images

It will then unite the internet company with AOL, under the brand of Oath.

Yahoo's troubled sale to Verizon is finally coming to a close, and with it, the end of an era in Silicon Valley.

Once completed, one of the effects of the deal will be the merger of Yahoo with the AOL unit of Verizon under executive VP and president of product innovation and new businesses Marni Walden.

Oath will manage more than 20 different brands. "Summer 2017", the Twitter post read.

Recode claims that Armstrong will lead Oath, which has been rebranded to reflect the combination of AOL and Yahoo, and that he is now deciding which Yahoo executives to keep on his team. From the initial reaction at least, what seems evident is that the company bosses will have to work really hard to make the brand as one that the masses will take pride to be associated with. Armstrong also said we'll soon "see something special" on Oath.com, which now appears to be owned by someone else. Verizon and Yahoo declined to comment further.

All I'm saying is that I don't see why Yahoo & AOL are calling themselves Oath now when "Tronc Jr." is just sitting there, waiting.

Verizon and Yahoo deal, first announced in July past year, is expected to complete sometime around April 24.

In July, Verizon announced it acquired Yahoo's core Internet business - search, mail, content and ad-tech businesses - for about $4.8 billion in cash.

Under the terms of the revised acquisition agreement, Yahoo would continue to cover the cost of a US Securities and Exchange Commission probe into the breaches, as well as shareholder lawsuits. The acquisition of Yahoo hasn't exactly been smooth sailing with multiple revelations of state-sponsored hacking that compromised billions of user accounts - Verizon has since won a $350 million discount for Yahoo. McInerney has served as a member of Yahoo's board since April 2012.