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1. www.verizon.com › about › newsVerizon Media to be acquired by Apollo Funds | News Release ...

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   May 3, 2021 · This was most recently marked by Yahoo News becoming the fastest growing news organization on TikTok. Under the terms of the agreement, Verizon will receive $4.25 billion in cash, preferred interests of $750 million and retain a 10% stake in Verizon Media. The transaction includes the assets of Verizon Media, including its brands and businesses.

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   • News about Verizon Media Group | Featured News Story | Verizon

     Moments ago we made an important announcement. We’ve entered...

2. techcrunch.com › 2021/09/01 › apollo-completes-its-5Apollo completes its $5B acquisition of Verizon Media, now ...

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   Sep 1, 2021 · The news comes during a tumultuous time for online media, amid increasing industry-wide consolidation, many felt within Verizon Media. Verizon acquired AOL in 2015 for $4.4 billion, followed by ...

3. www.nasdaq.com › press-release › verizon-media-to-beVerizon Media to be Acquired by Apollo Funds | Nasdaq

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   May 3, 2021 · VZ APO. --Verizon and Apollo Global Management, Inc. today announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media for $5 billion. One of the world ...

4. techcrunch.com › 2021/05/03 › private-equity-firm-apolloPrivate equity firm Apollo to buy Verizon Media assets for ...

   techcrunch.com › 2021/05/03 › private-equity-firm-apollo

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   May 3, 2021 · In spite of a rough year for online publishing, Verizon Media began to see a rebound earlier this year, marking a 12% year-over-year jump in revenue for Q1. In this morning’s release, the ...

5. variety.com › 2021 › digitalVerizon Media Q2: Revenue Bounces Back Over Pre-Pandemic Levels

   variety.com › 2021 › digital

   Jul 21, 2021 · Overall, Verizon beat Wall Street estimates on the top and bottom lines. The telco reported $33.8 billion in Q2 consolidated revenue, up 10.9% year-over-year, driven by wireless revenue growth and ...

6. People also ask

   What happened to Verizon Media?

   • V Team, Moments ago we made an important announcement. We’ve entered into an agreement with a leading global investment manager, Apollo, to acquire Verizon Media. While this is a bittersweet moment, Verizon will maintain a minority stake in the new company, which upon deal closing will be called Yahoo. This is a big step forward for our Media team.

   News about Verizon Media Group | Featured News Story | Verizon

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   Who owns Verizon Media?

   • NEW YORK May 3, 2021 - Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) entered into an agreement to acquire Verizon Media for $5 billion.

   Verizon Media to be acquired by Apollo Funds

   www.verizon.com/about/news/verizon-media-be-acquired-apollo-funds

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   Will Verizon sell its media assets to Apollo Global Management?

   • Following several days of and , Verizon that it has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5 billion. Apollo will be paying Verizon $4.25 billion in cash, along with preferred interests of $750 million, and Verizon will keep 10% of the company.

   Private equity firm Apollo to buy Verizon Media assets for ... - TechCrunch

   techcrunch.com/2021/05/03/private-equity-firm-apollo-agrees-to-buy-verizon-media-assets-for-5-billion/

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   How did Verizon Media perform in Q2 2021?

   • It’s also getting help from a rebound in digital advertising spend: Verizon Media revenue for the second quarter of 2021 was $2.1 billion. That’s up 50% from the year-ago period, which was hurt by the COVID pandemic, and an increase of 13% from Q2 2019. “We are executing on the product side and taking share from competitors,” Gowrappan said.

   Verizon Media Q2: Revenue Bounces Back Over Pre-Pandemic Levels - …

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