Tag Archives: AOL

[unable to retrieve full-text content]Verizon Sells Yahoo, AOL to Apollo – WWD  WWD Source link

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Posted: May 3, 2021 / 07:59 AM MDT / Updated: May 3, 2021 / 07:59 AM MDT FILE – The Yahoo logo is displayed outside of offices in Santa Clara, Calif., in this Monday, April 18, 2011, file photo. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo. (AP… Source link

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(AP) – Monday, May 3, 2021 at 9:45 am | כ”א אייר תשפ”א The Yahoo logo is displayed outside of offices in Santa Clara, Calif. (AP Photo/Paul Sakuma, File) AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo. Yahoo at the end of the… Source link

[unable to retrieve full-text content]Yahoo and AOL are sold, again, for about $5 billion  KBJR 6 Source link

by: via Nexstar Media Wire, The Associated Press Posted: May 3, 2021 / 07:59 AM CDT / Updated: May 3, 2021 / 08:23 AM CDT A Yahoo! logo is shown on a screen. (Photo by Ethan Miller/Getty Images) AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will… Source link

Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday. The new company will be called Yahoo and will continue to be run by CEO Guru Gowrappan. Verizon will retain a 10 percent stake in the new company, and LionTree, which served as the lead financial advisor on the transaction, will also be an investor alongside… Source link

(AP) – AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10% stake in the new company, which will be called Yahoo. Yahoo at the end of the last century was the face of the internet, preceding the behemoth tech platforms to follow, such as Google. And AOL was the portal, bringing almost every early… Source link

Verizon spent about $9 billion buying AOL and Yahoo over two years starting in 2015, hoping to jump-start a digital media business that would compete with Google and Facebook. It didn’t work — those brands were already fading even then — as Google and Facebook and, increasingly, Amazon dominate the U.S. digital ad market. The year after buying Yahoo, Verizon wrote down the value of the combined operation, called “Oath,” by roughly the value of the $4.5 billion it had spent on Yahoo. Source link