AOL and Yahoo will merge their services into a company called “Oath,” Business Insider reported on Monday. The two former internet giants are uniting under Verizon, which purchased AOL in 2015, and is expected to finish purchasing Verizon this month. AOL spokespersons told Business Insider that the company would be launching in summer 2017.
It is unclear which services will be combined under the Oath name, and whether Yahoo will continue to exist in any meaningful sense. In January, Yahoo announced that it would change part of the company’s name to “Altaba.” Read more at BUSINESS INSIDER.