- Oath CEO Tim Armstrong is reportedly in talks to leave Verizon.
- Verizon plans to integrate parts of Oath’s business into the larger company, according to The Wall Street Journal.
- Armstrong may be out as early as next month.
Tim Armstrong, the CEO of Verizon’s media and advertising business, Oath, is in talks to leave the company, The Wall Street Journal’s Sarah Krouse reported Friday.
Verizon plans to integrate parts of Oath’s business into the larger company, and Armstrong may leave the company as early as next month, according to The Journal.
Recently, there had been rumours that Oath was planning to spin out of Verizon. On the company’s second-quarter earnings call, it issued its most explicit repudiation to date of those rumours.
Armstrong has been at Verizon since it acquired AOL in 2015. He helped shepherd the 2017 acquisition of Yahoo, which joined AOL to create Oath.