Yahoo and AOL, two of the Internet’s oldest and best-known brands, will have a new owner. Again.
Verizon announced it is spinning off the properties, which it acquired in separate transactions in 2015 and 2017, to the private equity firm Apollo, in a deal valued at $5 billion.
In buying AOL and Yahoo, Verizon was hoping to partake of some of the big advertising dollars that large tech companies like Facebook and Google were raking in.
However, that bet didn’t quite pay off as it had hoped,…
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