Oath CEO Tim Armstrong is reportedly in talks to leave the company

AOL CEO Tim Armstrong
speaking at IGNITION 2016.
Michael
Seto/Business Insider

• Oath CEO Tim Armstrong is reportedly in talks to leave
  Verizon.
• Verizon will 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, is in talks to leave the company,
The Wall Street Journal’s Sarah Krouse reported Friday. 

Verizon decided it will 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 rumors 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 rumors.

Armstrong has been at Verizon since it acquired AOL in
2015. He helped shepherd the 2017 acquisition of Yahoo which
joined AOL and Yahoo to create Oath.