Verizon to take Oath as new company to run Yahoo, AOLSAN FRANCISCO AP Verizon Communications will create a new company called Oath after it completes its 4.Yahoo and melds the troubled internet company with its AOL operations.Oath will oversee Yahoo and AOL after the deal is completed.The Yahoo and AOL brands are expected to survive, although Verizon says it wont provide any details about its plans for Oath until this summer.You can bet we will be launching one of the most disruptive brand companies in digital, AOL said in a Monday statement.Tim Armstrong, AOLs top executive, posted a tweet Monday indicating Oath will manage more than 2.Verizon is counting on the combination of Yahoo and AOL to help it sell more digital ads, even though the two internet pioneers had been struggling on their own.Yahoo originally agreed to sell its online operations to Verizon for 4.It had to slash the price after discovering that two separate hacking attacks had stolen personal information from more than 1 billion user accounts.The security breakdown marked the two biggest breaches in internet history, raising concerns that people might start using Yahoo less frequently and reduce the opportunities to show ads.Verizon plans to take over Yahoos email and other online operations sometime between now and June 3. Download Free Movies For Htc Desire Hd Review . After the deal closes, Yahoos cash and lucrative stakes in Asian internet companies Alibaba Group and Yahoo Japan will be controlled by another new company called Altaba.Canoe Money presents a variety of news, articles, videos, photos, financial results and stock quotes.Money managers are being forced to buy stocks, keeping the rally alive.Cash is pouring into the market at the beginning of the fourth quarter, says Nigam Arora.Startups news from the, including the latest news, articles, quotes, blog posts, photos, video and more.
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