AOL and Yahoo plan to call themselves by a new name after the Verizon deal closes: ‘Oath’

Vastavam Web: When Verizon merges Yahoo with AOL after its acquisition of Yahoo closes, the newly created division will get a new name.And that new name is “Oath,” sources tell Business Insider.In a deal that was first announced last July, Verizon will acquire Yahoo’s core internet business for about $4.83 billion in cash.Yahoo will then be merged with Verizon’s AOL unit under Marni Walden – the executive vice president and president of product innovation and new businesses – with Verizon scooping up Yahoo’s search, mail, content, and ad-tech businesses.

In January, Yahoo announced in a SEC filling that following the close of the merger, the parts of Yahoo that Verizon is not buying (which includes Yahoo’s 15% of Chinese retail giant Alibaba and a part of Yahoo Japan, a joint venture with Softbank) will continue on under the  name of altaba