Aol and Yahoo will form Oath, a new company under Verizon

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But she will benefit of a double trigge, which r is a pretty common provision for founders and senior managers. Verizon agreed to buy Yahoo’s core Internet business for $4.8 billion in July. Their intention is to build an online advertising powerhouse to rival Google and Facebook. After Verizon scoops up Yahoo’s Internet assets, what remains of Yahoo, mostly investment holdings in Alibaba, will be renamed Altaba. The Oath will also include AOL properties like TechCrunch, The Huffington Post and Engadget. A big new branding campaign is expected in the coming weeks, along with more details about the new company. Yahoo declined to comment on the new name. Yahoo’s headcount has remained fairly stable, at about 8,500 employees, over the past couple of quarters.

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