Verizon completed the takeover of Yahoo

As we reported a few days ago the shareholders approved the sale of Yahoo. And yesterday on the website of the company Verizon has reported the completion of the transaction. The new owner combined the acquired assets with the existing business of AOL, creating a subsidiary called Oath. He owns more than 50 brands, well-known a total of more than a billion consumers worldwide. In particular, HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance and Yahoo Mail.

General Director of Oath appointed Type Armstrong (Tim Armstrong), former CEO of AOL. He led the planning of the integration of Yahoo with July 2016, when it was announced the deal.

Marissa Mayer (Marissa Mayer), who led Yahoo to acquisitions, left the company.

Source: Verizon

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