Tag Archives: AOL

Apollo Global Management Is Talking to Potential Leaders for Yahoo, AOL

Apollo is eyeing leadership changes at Yahoo as it prepares to take over the media company. Former Hearst magazines head Troy Young has been among those advising Apollo, fueling speculation he could be tapped for a leadership role there. Apollo is expected to try to turn around the company by investing in editorial, subscriptions, and commerce. As Apollo Global… Source link

Read More »

Kagan: Verizon getting back on track after selling AOL, Yahoo

Verizon, like every other company must continually find new pathways for growth going forward. That’s why several years ago they acquired both AOL and Yahoo. I never saw the benefit and thought it was a big mistake. Now, several years later, apparently Verizon CEO Hans Vestberg agrees. Verizon is selling AOL and Yahoo for about half what it paid. They are selling to the owner of the Venetian casino in Las Vegas. Not sure what they see with this purchase, but at least… Source link

Read More »

A Last Waltz for Yahoo and AOL, and Elon Musk on SNL

Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Did someone forward this newsletter to you? Sign up here. Soundtrack: This week’s newsletter has been specially designed to be consumed while listening to Serge Gainsbourg’s “Requiem pour un con” This week: A last waltz for Yahoo and AOL … Source link

Read More »

Verizon, AOL, Yahoo deal: Executive pay skyrockets as average workers left out (Letters)

Facebook Share Twitter Share In a recent edition of the Republican business section  an article appeared concerning the decision by Verizon to divest it’s Yahoo and AOL holdings, “Verizon to see off media brands Yahoo, AOL,” May 4, page A8. The Board of Directors of Verizon approved a $3 million bonus to the current head of Yahoo to assure that he remain in place for six months. Think of the absurdity of that number which works out be about $3 thousand per hour for a 40 hour week during… Source link

Read More »

Verizon just sold Yahoo and AOL

Verizon confirmed earlier this week that its Verizon Media division would be sold to Apollo Global Management, only four years after it was founded. The subsidiary includes brands like AOL and Yahoo with all its various offerings. Verizon will retain a 10% stake in the company, but at the cost of $5 billion for the transaction, it’s a fraction of the original purchase price. Verizon acquired AOL in 2015 for $4.4 billion and a year later made a $4.48 billion offer for Yahoo’s core… Source link

Read More »

Verizon to sell Yahoo, AOL to Apollo for $5B

Verizon announced this week that it will sell its AOL and Yahoo assets to Apollo Global Management, Inc. for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo when the transaction closes. The deal allows Verizon Media to pursue other growth areas, which it hopes will benefit its employees, advertisers, publishing partners and approximately 900 million monthly active users around the world. “We are excited to be joining forces with Apollo,”… Source link

Read More »

How to Delete Old AOL and Yahoo Accounts – ConsumerReports.org

Closing your account is a two-step process: securing any information that you might want, and then shutting the account down for good.  Once you close your account you’ll lose access to all of your data and content, including emails, calendars, Yahoo Fantasy Teams, and Finance portfolios. But that information can be easily archived before your delete your account. It’s easy to transfer old emails to most other email services. For instance, if you want to move Yahoo emails to a Gmail account,… Source link

Read More »

Why Verizon’s Divestiture Of AOL And Yahoo Is No Surprise

Earlier this week, Verizon announced it is selling AOL and Yahoo to private equity group Apollo for a hefty $5 billion, backing off its foray into media and advertising technology (adtech) and retrenching to its core competence as a mobile telco. This news should come as no surprise.  When Verizon acquired AOL in 2015 and then Yahoo in 2017 for approximately $9 billion combined, the industry reaction was mixed (and rightly so):  Pro: Verizon getting into the media business was a sign… Source link

Read More »

Verizon sells internet trailblazers Yahoo and AOL

Verizon has been shedding media assets as it refocuses on wireless, spending billions on licensing the airwaves needed for the next generation of faster mobile service, called 5G (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global… Source link

Read More »