He, however, didn't explain what made them to name the new company as Oath, of all things.
With enclosure of all these deals, Yahoo as we know it may be done.
You could say that Yahoo has been having a rough time of it lately. Last month, the most senior lawyer at Yahoo resigned following a report which found that the company didn't look into the case involving hack of 32 million Yahoo accounts.
According to sources at Recode, Marissa Mayer will not be continuing with the new company.
Yahoo's next chapter will likely begin sometime this quarter if and when Verizon closes its deal to buy the company.
What's left over after the deal - Yahoo's holdings in Chinese e-commerce giant Alibaba and Yahoo Japan, plus a collection of patents - is to be an investment company called Altaba, Yahoo has said in regulatory filings.
AOL chief Tim Armstrong took to Twitter on Monday to introduce the new brand name that will soon appear on internet devices of millions of customers around the world. And the combined entity is reportedly set to receive an even more cringeworthy name: Oath.
After Verizon officially acquires Yahoo, the newly created content division will get a new name: 'Oath.' It might not be the worst name ever (Tronc still exists) but it's damn sure trying to be. Thus it seems that Yahoo will be getting a new name. The report also said that Armstrong, who will be heading Oath, is now busy deciding who among the top Yahoo execs in Silicon Valley will stay with the new Verizon division.
Whatever "Oath" ends up being (to me, it sounds like a band that might have opened for Creed), it's hard to believe that Verizon would purchase Yahoo and then immediately dispose of the brand.