Confirmation of a new name for what the world has long known as Yahoo was tweeted from a verified @timarmstrongaol account after reports of the new name leaked in US media reports.
Yahoo reported losing $214 million in 2016 on income that crawled up to $5.2 billion from $5 billion in 2015. Yahoo chief Marissa Mayer will stop the organization’s board after the merger with Verizon that makes Oath, as indicated by a SEC recording, however, she is required to stay with the center Yahoo business.
Verizon began arranging a takeover of Yahoo’s Internet business in mid-2016, yet the organization’s endeavors were packed off to a slither taking after two noteworthy hacking embarrassments that Yahoo was the focal point of. Verizon will supposedly pay $4.8 billion for the organization’s center unit, roughly $1.2 billion not as much as what it was eager to pay before Yahoo was hit with the hacking embarrassments. Time will tell whether the deal is a good long-term move for Verizon, however, more subtle elements of the matter will undoubtedly take later on.