Under the terms of the new deal, both companies will split the cost of some lawsuits arising from the data breaches, announced last year.
There is no clarity on specifics on how Oath will be structured and if Verizon will continue to use the AOL and Verizon names in the future.
Oath will reportedly serve as a holding company for Yahoo News, Yahoo Mail, Yahoo Finance, and other services with the Yahoo name, as well as house the AOL-owned publications.
This article is from the CBROnline archive: some formatting and images may not be present.
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