Tag Archives: Yahoo

The private equity firm Apollo believes it has finally come up with a way to cash in on the promise of Yahoo. But after the venerable but faded online pioneer became a graveyard for the reputations of a succession of media and technology industry leaders, it probably would not pay to assume success too soon. The New York-based investment firm agreed earlier this week to pay communications giant Verizon $5bn for Yahoo, along with AOL and a collection of other digital 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

Bloomberg U.K. On Course to Ease Lockdown; Denmark Drops J&J: Virus Update (Bloomberg) — U.K. Prime Minister Boris Johnson said the country is on course to scrap lockdown rules over the next seven weeks. Denmark will ease curbs this week and dropped Johnson & Johnson’s Covid-19 shot. Bavaria’s Oktoberfest festival was canceled, but free beer is available to New Jersey residents who get a vaccine.India was criticized for a “lack of leadership” by a former central bank chief, as Prime… Source link

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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

Topline Some of the world’s most influential business leaders and corporations on Monday launched an ambitious philanthropic initiative aimed at supporting Asian-Americans and Pacific Islanders as they tackle mounting attacks and harassment.  Billionaire Joseph “Joe” Tsai, co-vice chairman of Alibaba Group Holding Ltd., center, speaks with … [+] attendees during the Asia Global Dialogue conference in Hong Kong, China, on Wednesday, Nov. 22, 2017. © 2017 Bloomberg Finance… 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

[unable to retrieve full-text content]Yahoo sold again in new bid to revive its fortunes  BBC News Source link