The company plans on merging Yahoo with AOL, which it bought two years ago for $4.4 billion, to form a new venture called Oath. Oath, on combining the media and technology resources of both firms, boasts of being able to reach nearly a billion people worldwide. Tim Armstrong, who was heading AOL when it was bought over by Verizon, is the CEO of Oath. Through Oath, Verizon hopes to compete with digital media giants Facebook and Google. (With inputs from agencies)For all the latest What Is News, download Indian Express App© IE Online Media Services Pvt Ltd

Source: Indian Express June 14, 2017 14:42 UTC