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
Verizon to sell Yahoo, AOL for $5 bn to private equity firm
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Verizon to sell its media unit to Apollo for £3.61 billion
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Verizon Communications Inc. (NYSE: VZ) said on Monday it will sell its media unit, including AOL and Yahoo, to Apollo Global..