Apollo buys most of Verizon’s media division for $5bn
Move sees Verizon shed once-dominant online brands such as Yahoo and AOL
03 May 2021 - 17:20
Verizon Communications says it is selling its media division to Apollo Global Management for $5bn, a move that will jettison once-dominant online brands such as AOL and Yahoo.
The unit will be known as Yahoo after the close of the transaction, which is expected in the second half of 2021, Verizon said in a statement on Monday...
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