Yahoo-AOL merged entity to be called ‘Oath’; Marissa Mayer may not be part of it

The next chapter of Verizon-Yahoo deal is starting with an Oath, quite literally. Verizon has announced that the combined entity of Yahoo and AOL will be named as ‘Oath’, once the $4.48 billion acquisition of the former is completed in this very quarter.

After a report from Business Insider first surfaced the news of a potential Yahoo name change, AOL CEO Tim Armstrong tweeted shortly after to confirm the details.

Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017. pic.twitter.com/tM3Ac1Wi36

— Tim Armstrong (@timarmstrongaol) April 3, 2017

That's indeed an interesting name for the new entity after all the ruckus that the deal went through in the past few months. Armstrong, however, didn’t elaborate on the plan or explain the name. Besides, “In the summer of 2017, you can bet we will be launching one of the most disruptive brand companies in digital,” (AOL's statemen), there hasn't been any comment from Verizon and Yahoo.

Meanwhile, Recode reports that Yahoo CEO Marissa Mayer will not be continuing with the new company either after relinquishing her chief executive role at Yahoo and her responsibilities were handed over to board member Thomas McInerney.

Apparently, terms of Mayer’s departure are still being worked through, but her not staying on is not much of a surprise. Citing sources the report says that AOL CEO Tim Armstrong is touted to be the new boss who is presently sifting through the Yahoo names that will stay and those who will be shown the door.