Tag Archives: sold

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

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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

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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

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How Warren Buffett’s airline stocks have performed since Berkshire Hathaway sold them

Warren Buffett has a storied history with airline stocks, once quipping, “I am Warren and I am an aeroholic.” But the spectacular returns for the industry over the last year are casting a dark cloud on Berkshire Hathaway’s decision to dump all of its airline holdings in May 2020 as prices were bottoming. Berkshire loaded up on stock of the four major U.S. carriers in 2016. At the 2020 Berkshire annual shareholders meeting, Buffett said he’d spent $7 billion to $8 billion amassing stakes in… Source link

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