Tag Archives: Sale

Law360 (May 12, 2021, 8:30 PM EDT) — A patent holder that lost a bid this month to force former Yahoo owner Altaba to establish a $749 million infringement reserve asked the Delaware Chancery Court on Tuesday to reconsider in light of Verizon’s recently revealed plans to sell Yahoo to Apollo Global Management. Earlier this month, the Chancery judge overseeing disputes over Altaba’s wind-down rejected patent holder Droplets Inc.’s push to create the reserve, since the former Altaba… Source link

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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

(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Less than a decade after it entered the media business through its acquisitions of AOL and Yahoo, Verizon VZ Communications reportedly may be preparing to exit the sector, According to The Wall Street Journal, Verizon is “exploring” whether to unload its media properties, which could fetch a price of $4 billion to $5 billion. According to the… Source link

(Reuters) – Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The sales process, which includes private equity firm Apollo Global Management Inc, could yield a price of $4 billion to $5 billion, report said. Yahoo and AOL are the two large brands within Verizon Media, which also owns news publication HuffPost, technology news sites… Source link

Bloomberg Oil Crown Jewels No Longer Off Limits in Mideast Amid Deal Surge (Bloomberg) — Time was when the Middle East’s petrostates recoiled from using their crown jewels to raise money from foreign investors.Not any more. In the space of a few weeks, Saudi Arabia, the United Arab Emirates, Qatar, Oman and Kuwait have all accelerated multi-billion-dollar plans to sell energy assets or issue bonds off the back of them. Capping that trend, Saudi Crown Prince Mohammed bin Salman said Tuesday… Source link

The sale of media assets Verizon is exploring could yield a price in the $4 billion to $5 billion range, people familiar with the matter said; a Verizon store in San Francisco. Photo: David Paul Morris/Bloomberg News Updated April 28, 2021 4:42 pm ET … Source link

TipRanks Analysts Say ‘Buy the Pullback’ in These 3 Stocks The savvy investor knows that the best time to buy is when a stock is priced low – it’s just the old game of ‘buy low and sell high,’ the age-old advice on how to make money. But with the S&P at near record levels, it’s hard to tell when a stock is priced low. The key is just to take them as individuals. The stock market is the world’s greatest real-time experiment in averaging over large mass numbers. The markets as a… Source link

Bloomberg Surge in Mortgage Rates Threatens to Slow U.S. Housing Rally (Bloomberg) — The pandemic housing rally is getting its first big test.Mortgage rates rose in each of the past three weeks, driven by a bet that inflation will accelerate as the U.S. economy roars back this year. While borrowing costs are still near historic lows, the quick jump has already begun eroding the purchasing power that enabled buyers to push up home prices across the country in recent months.The bidding frenzy… Source link

Google says it won’t develop new ways to follow individual users across the internet after it phases out existing ad-tracking technology from its Chrome browser, a change that could shake up the online advertising industry. Google says it’s taking the move to protect user privacy. It’s part of a broader shift in the industry as marketers such as Apple and regulators in the U.K., U.S. and elsewhere increasingly are seeking ways to phase out more egregious data collection… Source link