Verizon to sell its media unit to Apollo for £3.61 billion

Verizon Communications Inc. (NYSE: VZ) said on Monday it will sell its media unit, including AOL and Yahoo, to Apollo Global Management (NYSE: APO) for £3.61 billion. The private equity company will call the business “Yahoo” upon completion of the transaction, which is expected this year in the second half. Verizon shares were reported more […]