Verizon Completes Yahoo Deal, Makes Oath Subsidiary

Verizon competed a $4.5 billion buy of Yahoo’s operating business, the carrier said Tuesday. Verizon combined Yahoo and AOL assets to create new subsidiary Oath, Verizon said. Oath brands include AOL.com, HuffPost, Tumblr and various Yahoo services. It's "a critical step in growing the global scale needed for our digital media company,” said Verizon Media and Telematics President Marni Walden. The deal originally was valued at $4.83 billion, lowered after the companies agreed to share liability from data breaches (see 1702210024).