Original sentence: 's business in 2017, it joined AOL and Yahoo in a subsidiary named Oath Inc.)  is a subsidiary of Verizon Communications for its media and online businesses.In December 2018, Verizon announced it would write down the combined value of its purchases of AOL and Yahoo by $4.6 billion (about half).Verizon Communications had acquired AOL in 2015.Verizon renamed the company Verizon Media in January 2019.When Verizon Communications purchased Yahoo
Edited sentence: 's operating business on June 13, 2017 and merged the two businesses together.) is a subsidiary of Verizon Communications that serves as the umbrella company of its media and online properties.In December 2018, Verizon announced it would write down $4.6 billion (about half) of the value of the combined AOL/Yahoo purchases.The company was originally created after Verizon, which had acquired AOL on June 23, 2015, purchased Yahoo.The name "Oath" was chosen to convey its commitment to the digital media business upon its founding in June 2017, although it was ultimately rebranded as Verizon Media in January 2019