Hints and tips:
...Verizon had put both under the “Oath” brand as part of a strategy at the time to diversify away from its telecoms business into media, but was forced to write down the businesses and sell them at close to...
...She also invited a Microsoft executive to swear under oath that the company would grant Sony’s PlayStation a 10-year licence for Activision’s most popular game, Call of Duty — a central issue in the case...
...Thursday’s subpoenas to Big Tech firms came hours after the Department of Justice revealed that Stewart Rhodes, the founder and leader of the Oath Keepers rightwing extremist group, had been charged with...
...The division, once known as Oath, was assembled from the acquisition of AOL and Yahoo for more than $9bn between 2015 and 2017....
...marks a dramatic about-face for the US wireless operator, which between 2015 and 2017 spent about $9bn to acquire Yahoo and AOL as the anchor properties of an online media division that became known as Oath...
...It paid more than $9bn for both as it built a digital media portfolio, adding AOL in 2015 and Yahoo in 2017 to a division that became known as Oath....
...Oath — the old name for the media companies rolled up by Verizon — was an awful meaningless brand, dispensed with by Verizon’s current CEO, and was never going to be revived....
...Verizon’s media arm, previously known as Oath, had aimed to turn the struggling dotcom era brands AOL and Yahoo into a digital media and advertising powerhouse capable of winning market share from Facebook...
...A version of this article was first published by Nikkei Asia on June 26 2021. ©2021 Nikkei Inc....
...When Sandy Weill was building financial services group Travelers he made his top executives swear a “blood oath” that they would not sell any stock in the company until they left or retired....
...Mic folded, as did Oath, Verizon’s ill-time digital media foray, and Tavi Gevinson’s Rookie....
...Under oath.” Bob Chapek, the former head of Disney’s parks business who took over as chief executive in February, commended Mr Mayer for his “extraordinary impact” on the company....
...Which brings us nicely to this news from Monday evening, via Axios: Verizon is set to sell the social network Tumblr to Automattic Inc, the owner of online publishing tool WordPress....
...He is chief executive of Oath, the Verizon subsidiary that owns AOL and Yahoo. One person close to the search process said Mr Armstrong would be a good choice as “he knows all about restructuring”....
...“They take an oath not to hurt anybody,” she says. “When your patients are dying . . . that goes beyond hurting.”...
...On Tuesday those ambitions were abandoned as the company said it was impairing $4.6bn of $4.8bn in goodwill carried by Oath, its media unit....
...Oath was formed by the merger of AOL, which Verizon acquired for $4.4bn in 2015, and Yahoo, which cost the telecoms group $4.5bn in 2017....
...As part of the change Mr Armstrong lost his autonomy over Oath, leading to his exit from the company....
...Just like doctors aren’t like other people, we take an oath and are bound by it,” says Dr Nelson. “The opioid epidemic is a great example of how everything can go wrong....
...However, Jonathan Chaplin, analyst at New Street Research, said: “The thesis around Oath just hasn’t worked out. Tim Armstrong, who was the brains behind Oath, is gone....
...Neither Oath nor Altaba immediately responded to a request for comment....
...However, that debate had been ongoing since Oath’s inception....
...In December, it revealed its flagship media brand Oath, the division which combined the two, was nearly worthless....
...He stunned counterparts in 2014 when he called on asset managers to adopt an oath of good conduct, similar to the Hippocratic Oath sworn by doctors, that would empower the industry to strike off the negligent...
...Oath’s revenue growth in the previous quarter was flat, and there are now talks that the company may be spun out....
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