Tag Archives: AOL

Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the two companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10 percent stake in the company and it will be rebranded to just “Yahoo.” The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon bought AOL in 2015 for… Source link

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

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

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

Website pages from Yahoo! Inc., left, and AOL Inc. are displayed on a computer monitor. Chris Ratcliffe | Bloomberg | Getty Images Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10% stake in the company and it will be rebranded to just Yahoo. The sale will see online media brands under the former… Source link

The Yahoo logo is displayed outside of offices in Santa Clara, California, in a 2011 photo. Verizon said May 3, 2021, that it is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. (Paul Sakuma/AP) Source link

Verizon has sold its AOL and Yahoo properties to Apollo Global Management in a deal said to be worth $5 billion, about half of the nearly $9 billion Verizon originally paid for the pair. Verizon will maintain a 10 percent stake in the company, now known as Yahoo and led by CEO Guru Gowrappan. The deal, which includes Verizon’s ad tech business, was heavily rumored over the last week and is still subject to closing conditions. Once complete, it’ll bring an end to Verizon’s troubled… Source link

The private equity firm has been on a buying spree in the past few months, announcing deals to acquire the crafts retailer Michaels and the Venetian resort in Las Vegas. It has also had a shake-up in its senior ranks, with its co-founder, Leon Black, announcing in late March that he was stepping down as chairman after the revelation he had paid more than $150 million to the disgraced financier Jeffrey Epstein. Apollo declined to comment. Verizon didn’t respond to requests for comment…. Source link

Karen Bleier | AFP | Getty Images Verizon‘s $9 billion bet on AOL and Verizon hasn’t led to riches for shareholders of the largest U.S. wireless company. But other buyers may still find value in some of the assets. Verizon is weighing a sale of Verizon Media Group — previously called Oath, and before that, simply the merged AOL-Yahoo internet group — according to a person familiar with the matter. The Wall Street Journal first reported on the potential sale, which the newspaper said could… Source link

US operator Verizon opened talks with private equity company Apollo Global Management regarding the possible sale of its media assets, The Wall Street Journal (WSJ) reported. The operator is reportedly discussing the sale of Yahoo and AOL for $4 billion to $5 billion. It acquired AOL for $4.4 billion in 2015 and spent $4.8… Source link