Screengrab from Twitter

Verizon plans to mix AOL and Yahoo into a brand new firm referred to as Oath, after finishing the acquisition of Yahoo.

AOL chief govt Tim Armstrong confirmed the transfer on his private Twitter account forward of a deliberate publicity marketing campaign.

The tweet learn: “Billion+ Shoppers, 20+ Manufacturers, Unstoppable Staff. #TakeTheOath. Summer time 2017.”

Nonetheless, the brand new identify is already being ridiculed on-line, with one web site saying, “At the least it is higher than Tronc.”

Tronc, previously referred to as Tribune Publishing, is a US firm which owns the Los Angeles Instances, Chicago Tribune and different newspaper titles.

Verizon is shopping for Yahoo’s web enterprise for about $four.8bn (¬£three.6bn) in money. The deal is anticipated to shut within the present quarter.

The remaining elements of Yahoo, which incorporates its 15% stake in Alibaba and Yahoo Japan, will probably be referred to as Altaba.