Less than a year ago, Yahoo and AOL officially merged after AOL’s parent company, Verizon, bought Yahoo for more than $4 billion. Since then, former Yahoo CEO Marissa Mayer has moved on to an unannounced venture. AOL CEO Tim Armstrong has had the job of blending the two companies into a digital content behemoth named Oath, vying to challenge Facebook and Google for advertising revenue. Marketplace Tech host Molly Wood spoke with Armstrong about how Oath fits in the digital media landscape at the Makers conference in Los Angeles earlier this month. The conference is sponsored in part by Oath. The following is an edited transcript of their conversation.
Tim Armstrong: We ended 2017 above plan. We combined the companies faster, we moved the integration up by a year. Both companies have a long DNA of being in this economy and having sparked it in a major case, and I think there's a lot of willpower on our end to basically, as we go to the mobile economy, to move our companies back into pole positions. And I think we're going to continue to make the same challenger brand Yahoo was and AOL was with a Fortune 20 company in Verizon that's all mobile behind us. I think we'll be in good shape.