Tag Archives: sold

Internet Oldies AOL And Yahoo Sold … Again

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,… Source link

Read More »

Internet Trailblazers Yahoo and AOL Sold Again for $5B

(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

Read More »

Yahoo, AOL sold — again — for about $5 billion

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

Read More »

Internet trailblazers Yahoo, AOL sold, again, for $5 billion

(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

Read More »