Verizon Communications Inc. today completed its acquisition of the operating business of Yahoo! Inc.
Verizon has combined these assets with its existing AOL business to create a new subsidiary, Oath, a diverse house of more than 50 media and technology brands that engages more than a billion people around the world.
The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance, Yahoo Mail and more, with a mission to build brands people love.
Marni Walden, Verizon president of Media and Telematics, said in a statement, “The close of this transaction represents a critical step in growing the global scale needed for our digital media company. The combined set of assets across Verizon and Oath, from VR to AI, 5G to IoT, from content partnerships to originals, will create exciting new ways to captivate audiences across the globe.”
Tim Armstrong, former CEO of AOL, is now CEO of Oath, which is part of Verizon’s Media and Telematics organization. He has been leading integration planning teams since the Yahoo transaction was announced in July 2016, and Oath begins operation today as a global leader in digital and mobile. See www.oath.com for further information.
Armstrong said in a statement, “We’re building the future of brands using powerful technology, trusted content and differentiated data. We have dominating consumer brands in news, sports, finance, tech, and entertainment and lifestyle coupled with our market leading advertising technology platforms. Now that the deal is closed, we are excited to set our focus on being the best company for consumer media, and the best partner to our advertising, content and publisher partners.”
Armstrong is also leading efforts to continue to build the industry’s most advanced and open advertising technology solutions, with brands such as ONE by AOL and BrightRoll that span across mobile, video, search, native and programmatic ads.
Given the inherent changes to Marissa Mayer’s role with Yahoo resulting from the closing of the transaction, Mayer has chosen to resign from Yahoo. Verizon wishes Mayer well in her future endeavors.
Why are you such a gobby malevolent low IQ runt of an excuse for humanity?
There is nothing funny about your comments. So why exactly should we laugh. You should ask your doctor to check your funny bone bone the next you are in for a check up.
Says more about MDN than anything else. Notice how they delete things that differ with their alt-right agenda, but leave the horrible comments from botvinnik, Kolache, and the like?
By the way, First this then that is actually the person that runs MDN.
They will also put you on moderation if your call out the tRumpanzees for the scum they are.
MDN is the pathetic worm 2014?
Can I quote you Ralphche? Rarely have I seen such intelligent repartee written with such deeply thought out feverish fluidity. A++++++!
What a stupid, ugly remark. A sexist homophobic pig. Moron.
Smart arse dog-butt stupid is not likable…but you know that. So you’re just hate trolling. Big man!
‘Jes trying’ to be an asshole you mean. You just took a big step down the evolutionary ladder bonehead. Do you always try so hard at being repugnant & disliked? You’re turning that into an art form.
Marissa resigned because she was sick of wearing those shoes.
Sadly no. She was very much wrapped up in the CEO rock star lifestyle.
Very much like Jony Ive or Eddie Cue or Airhead Ahrendts, come to think of it. All fashion, zero substance. The difference between Yahoo and Apple however is that with Jobs ‘ gold mine pumping out cash, nobody notices when a few million are missing here and there, or if hobbies never get finished, or if 4 years go by without a hardware update. If you look good, you can get away with anything until the money is gone.
It’s always all about the shoes. Look at Tim Cook. No matter what he tries to do, or has done, he can’t fill Steve Jobs’s shoes. Ahrendts and the others had unquestioned talents but Tim hasn’t harnessed them to our satisfaction. Sure and the money is being soaked up by all manner of vanity projects but they are scarcely wasting it faster than they are making it. Bloody hell if they could only do anything right they would have a trillion dollar company and no critics. Sigh, if wishes were horses then beggars would ride, my father used to say. Sigh. My mother used to say, stay away from those internet hangouts, it’s bad for your complexion.
She accomplished $186 million in her bank account, for starters. That’s more than any of us here have been able to do. Of course, we inhabit nobler high ground.
So, I guess the moral of that story is it’s okay to be handsomely rewarded for destroying the business you were hired to competently run so long as you mind your P’s & Q’s provided they are right up there with your T’s & A’s!
Yahoo has become one of the most annoying sites on the web. With stories that tease but don’t deliver, videos that stalk you on each page with ads on the front end for sh*t I will never buy. But I’m sure the corporate overlords at Verizon will make all this hunky-dory.
Marissa is much hotter than that cranky and wrinkled fag in Cupertino.
Oh, so you must’ve moved to Cupertino then.
If I did I wouldn’t be a cranky and wrinkled bender like your butt buddy.
What a pathetic little shit you are.
Why are you so serious? Laugh at little.
Why are you such a gobby malevolent low IQ runt of an excuse for humanity?
There is nothing funny about your comments. So why exactly should we laugh. You should ask your doctor to check your funny bone bone the next you are in for a check up.
Says more about MDN than anything else. Notice how they delete things that differ with their alt-right agenda, but leave the horrible comments from botvinnik, Kolache, and the like?
By the way, First this then that is actually the person that runs MDN.
They will also put you on moderation if your call out the tRumpanzees for the scum they are.
MDN is the pathetic worm 2014?
Can I quote you Ralphche? Rarely have I seen such intelligent repartee written with such deeply thought out feverish fluidity. A++++++!
What a stupid, ugly remark. A sexist homophobic pig. Moron.
Glad you like it. Jus’ trying to be truthful.
Smart arse dog-butt stupid is not likable…but you know that. So you’re just hate trolling. Big man!
‘Jes trying’ to be an asshole you mean. You just took a big step down the evolutionary ladder bonehead. Do you always try so hard at being repugnant & disliked? You’re turning that into an art form.
Marissa resigned because she was sick of wearing those shoes.
Sadly no. She was very much wrapped up in the CEO rock star lifestyle.
Very much like Jony Ive or Eddie Cue or Airhead Ahrendts, come to think of it. All fashion, zero substance. The difference between Yahoo and Apple however is that with Jobs ‘ gold mine pumping out cash, nobody notices when a few million are missing here and there, or if hobbies never get finished, or if 4 years go by without a hardware update. If you look good, you can get away with anything until the money is gone.
It’s always all about the shoes. Look at Tim Cook. No matter what he tries to do, or has done, he can’t fill Steve Jobs’s shoes. Ahrendts and the others had unquestioned talents but Tim hasn’t harnessed them to our satisfaction. Sure and the money is being soaked up by all manner of vanity projects but they are scarcely wasting it faster than they are making it. Bloody hell if they could only do anything right they would have a trillion dollar company and no critics. Sigh, if wishes were horses then beggars would ride, my father used to say. Sigh. My mother used to say, stay away from those internet hangouts, it’s bad for your complexion.
No, because she unfortunately accomplished nothing.
She accomplished $186 million in her bank account, for starters. That’s more than any of us here have been able to do. Of course, we inhabit nobler high ground.
I’d be willing to help her take them off.
So, I guess the moral of that story is it’s okay to be handsomely rewarded for destroying the business you were hired to competently run so long as you mind your P’s & Q’s provided they are right up there with your T’s & A’s!
In all fairness, that was a sinking ship when Marissa got on board.
Which she foolishly accepted.
She is independently wealthy. I’d say she has done quite well.
Former Google worker says all worthless. See Rubin…
Yahoo has become one of the most annoying sites on the web. With stories that tease but don’t deliver, videos that stalk you on each page with ads on the front end for sh*t I will never buy. But I’m sure the corporate overlords at Verizon will make all this hunky-dory.
She made a bunch of money from the deal. With the options and bonus from selling the company she will now be a very rich woman.
Prediction: Marissa will not be CEO of a major firm anytime soon, unless she funds it herself and makes it a success.
She was not known for high level executive skills.
You are underestimating her skills, knowledge, and contacts.
What will happen to Yahoo TV then? Will Verizon still maintain the smart TV platform?
So Verizon is responsible for redesigning the HufPost into a boring, artless-looking rag.
now PuffHo’s design matches its content.
I knew Meyer was done as soon as she posed for that self-congratulatory photo.
Yea, just once more for old times sake. – It’s why I clicked on this story.
MDN, I was hoping you would post that photo (perhaps the best photo of a CEO ever) and you delivered, thank you.
Hey Verizon! Have fun with Yahoo!
Ooo! So FAIL.
That picture never gets old! 😉