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When Verizon merges AOL and Yahoo it will call the combined company 'Oath,' says report

Tim Armstrong
Michael Newberg | CNBC
Tim Armstrong

When Verizon finishes its acquisition of Yahoo and merges it with AOL, it'll call the combined companies "Oath," AOL boss Tim Armstrong tweeted on Monday:

It's the latest twist in Verizon's acquisition of Yahoo, a deal that continues to ride down a bumpy road. Yahoo has revealed several cyberattacks on its business — including a hack that affected one billion users — since Verizon announced its intentions to acquire the company.

It's not clear Verizon is planning to call the new company "Oath," but it suggests that the Yahoo brand, still a famous internet name, may soon head to the grave. Verizon will reportedly reveal details about the new brand "in the coming week," when it will also provide additional details on the new company.

Yahoo CEO Marissa Mayer will not be part of the new company, according to Kara Swisher at Recode.

The news about the name change was previously reported by Business Insider.