Verizon to sell Yahoo, AOL for $5 bn to private equity firm

Energy Daily


Washington (AFP) May 3, 2021

Verizon announced Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the online media ambitions of the telecoms giant. The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. Verizon will retain a 10 percent stake in the company, which will be kno

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