The End of Yahoo
Verizon closed its acquisition of Yahoo for $4.48 billion, paving the way for the start of its new division called Oath.
After more than two decades, internet pioneer Yahoo’s days as an independent business are no more.
Verizon announced Tuesday it completed its purchase of Yahoo’s internet business for last July, aims to combine Yahoo’s operating business with AOL, which it purchased in 2015. The merger will form Oath, a division of Verizon that is expected to house more than 50 media and technology brands, including HuffPost, Tech Crunch, and Tumblr.
