Tag Archives: Verizon

Verizon confirmed earlier this week that its Verizon Media division would be sold to Apollo Global Management, only four years after it was founded. The subsidiary includes brands like AOL and Yahoo with all its various offerings. Verizon will retain a 10% stake in the company, but at the cost of $5 billion for the transaction, it’s a fraction of the original purchase price. Verizon acquired AOL in 2015 for $4.4 billion and a year later made a $4.48 billion offer for Yahoo’s core… Source link

Share This Story, Choose Your Platform! Verizon recently announced that they would be selling Yahoo! and AOL to a private equity firm for about half the amount they bought the two properties for.  And so the Yahoo saga continues — and with this news, we have almost come full circle. If you are looking for more details about the history of this situation, you can find that here. For now, here’s a quick timeline of events: The early 2000s: Yahoo! is the king of the search engines 2003:… Source link

Verizon announced this week that it will sell its AOL and Yahoo assets to Apollo Global Management, Inc. for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo when the transaction closes. The deal allows Verizon Media to pursue other growth areas, which it hopes will benefit its employees, advertisers, publishing partners and approximately 900 million monthly active users around the world. “We are excited to be joining forces with Apollo,”… Source link

Verizon has been shedding media assets as it refocuses on wireless, spending billions on licensing the airwaves needed for the next generation of faster mobile service, called 5G (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global… Source link

Verizon is selling its Verizon Media unit for $5 billion to Apollo Global Management, Inc, and while Yahoo Small Business will not be included in the sale, it could mean a rebranding is in its future. That’s because after the sale, Verizon Media will be known as Yahoo (Verizon will retain a 10% stake in the company), which will continue to be led by CEO Guru Gowrappan. “Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media… Source link

Underdog Fantasy Raises $10 Million From Kevin Durant, Mark Cuban, Jared Goff and Others By Andrew Cohen May 3, 2021 Fantasy sports app Underdog Fantasy has raised $10 million from a group of investors that includes Dallas Mavericks owner Mark Cuban, Brooklyn Nets star Kevin Durant, Detroit Lions quarterback Jared Goff, and ESPN’s Adam Schefter.   The round was led by angel investor Kevin Carter, who is an advisor at SV Angel, and included investments from music stars such… Source link

AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-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… Source link

Yahoo and AOL, kings of the early internet, saw their fortunes decline as Silicon Valley raced ahead to create new digital platforms. Google replaced Yahoo. AOL was supplanted by cable giants. Now they will become the property of private equity. Verizon, their current owner, agreed to sell them to Apollo Global Management in a deal worth $5 billion, the companies announced Monday. The business housing the two brands, Verizon Media, is to be renamed (yet again) to Yahoo (sans the brand’s… Source link

FILE – In this June 12, 2012 file photo, the Verizon logo is seen at Verizon store in Mountain View, Calif. 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 Photo/Paul Sakuma, File) AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will… Source link

 May 3, 2021 @ 10:40 AM  Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber. Verizon has sold AOL and Yahoo. This time though, a private equity firm is going to take ownership of the two former web leaders. The companies came to rise through the boom of the internet in the late-90s and early-00s. Verizon says it will maintain a 10% stake in the new… Source link