Verizon sells Yahoo and AOL businesses to Apollo for $5 billion (2024)

Published 3 years ago

Summary by CNBC

The sale indicates Verizon will focus on its internet-provider businesses as rivals continue to explore media.

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Times of IndiaApollo to acquire Verizon's media assets for $5 billionInternational Business News: Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion, the US wireless carr3 years ago·IndiaRead Full Article

Times of India

Apollo to acquire Verizon's media assets for $5 billion

International Business News: Apollo Global Management said it has agreed to buy Verizon Communications' media unit that includes Yahoo and AOL for $5 billion, the US wireless carr

3 years ago·India

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BBC NewsYahoo sold again in new bid to revive its fortunesThe internet trailblazer is sold as part of a $5bn deal that includes another pioneer, AOL.3 years ago·United KingdomRead Full Article

BBC News

Yahoo sold again in new bid to revive its fortunes

The internet trailblazer is sold as part of a $5bn deal that includes another pioneer, AOL.

3 years ago·United Kingdom

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Yahoo NewsVerizon sells Yahoo and AOL to private equity firm for $5 billionVerizon on Monday announced that it will sell its digital media unit, including Yahoo and AOL, to private equity firm Apollo Global Management for $5 billion.Details: Apollo will pay $5 billion for a 90% stake in the business, with Verizon retaining a 10% stake. It's a slightly higher price than what was expected, but still far short of the $9 billion that Verizon paid to acquire the businesses.Stay on top of the latest market trends and economi…3 years ago·Los Angeles, United StatesRead Full Article

Yahoo News

Verizon sells Yahoo and AOL to private equity firm for $5 billion

Verizon on Monday announced that it will sell its digital media unit, including Yahoo and AOL, to private equity firm Apollo Global Management for $5 billion.Details: Apollo will pay $5 billion for a 90% stake in the business, with Verizon retaining a 10% stake. It's a slightly higher price than what was expected, but still far short of the $9 billion that Verizon paid to acquire the businesses.Stay on top of the latest market trends and economi…

3 years ago·Los Angeles, United States

Verizon sells internet trailblazers Yahoo and AOL for $5B

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

3 years ago·India

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ReutersApollo to acquire Verizon's media assets for $5 blnApollo Global Management (APO.N) said it has agreed to buy Verizon Communications' (VZ.N) media unit that includes Yahoo and AOL for $5 billion, the U.S wireless carrier said on Monday.3 years ago·United KingdomRead Full Article

Reuters

Apollo to acquire Verizon's media assets for $5 bln

Apollo Global Management (APO.N) said it has agreed to buy Verizon Communications' (VZ.N) media unit that includes Yahoo and AOL for $5 billion, the U.S wireless carrier said on Monday.

3 years ago·United Kingdom

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CBC NewsVerizon sells AOL and Yahoo to private equity fund Apollo for $5BAOL and Yahoo are being sold again, this time to private equity firm Apollo Global Management, for $5 billion.3 years ago·CanadaRead Full Article

CBC News

Verizon sells AOL and Yahoo to private equity fund Apollo for $5B

AOL and Yahoo are being sold again, this time to private equity firm Apollo Global Management, for $5 billion.

3 years ago·Canada

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