Verizon Brought Yahoo for $4.48 Billion

On Tuesday, Verizon announced they brought yahoo for $4.48 billion. The pervious CEO Marissa Mayers resigned after being hired five years ago. Mayers will step down with a $23 million package deal.

Yahoo is now combined with AOL. The name of the company is now called Oath. Luckily, the Yahoo and AOL brand will remain the same. The new combination will include, HuffPost , Yahoo Sports,, Makers, Tumblr, Build Studios, Yahoo Finance, Yahoo mail, and more.

Tim Armstrong the former CEO of AOL is now CEO of Oath. Armstrong said, “We’re building the future of brands using powerful technology trusted content and differentiated data. We have dominating consumers brands in news, sports, finance, tech, and entertainment and lifestyle couples with our market leading advertising technology platform. Now the deal is closed, we are exited to set our focus on being the best company for consumer media, and the best partner to our advertising content and publisher partners.”