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

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   May 3, 2021 · 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.

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

     We’ve entered into an agreement with a leading global...

2. www.verizon.com › news-about-verizon-media-groupNews about Verizon Media Group | Featured News Story | Verizon

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   May 3, 2021 · 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.

3. finance.yahoo.com › news › verizon-media-ahead-spinVerizon Media, Ahead of Spin-Off, Sees Q2 Revenue Bounce Back ...

   finance.yahoo.com › news › verizon-media-ahead-spin

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   Jul 21, 2021 · Verizon Media is getting ready to fly out of the Verizon nest as a private company — and CEO Guru Gowrappan says the digital-media group that encompasses Yahoo and AOL businesses has...

   • Author: Todd Spangler

   • Video Duration: 7 min

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5. www.businessinsider.com › what-went-wrong-atWhy Verizon's Media Ambitions Failed and Its Sale to Apollo

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   May 5, 2021 · Verizon has pulled back on its once-big media and advertising ambitions. The telecom giant just sold Verizon Media to private-equity firm Apollo Global Management for $5 billion. The deal...

6. www.reuters.com › business › media-telecomVerizon profit beats on lower costs, surprise rise in ...

   www.reuters.com › business › media-telecom

   Jul 25, 2023 · Verizon beat quarterly profit estimates on Tuesday on the back of lower costs and a surprise rise in wireless subscribers as efforts to grow its enterprise customer base and super-fast 5G network...

7. www.cnbc.com › 2021/05/03 › verizon-sells-yahoo-andVerizon sells media businesses including Yahoo and AOL to ...

   www.cnbc.com › 2021/05/03 › verizon-sells-yahoo-and

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   May 3, 2021 · Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former...

8. People also ask

   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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   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

   www.verizon.com/about/news/news-about-verizon-media-group

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   Why did Verizon sell its Media Group?

   • The sale signals that Verizon will focus on its internet-provider businesses as rivals continue to explore media. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.

   Verizon sells media businesses including Yahoo and AOL to Apollo ... - …

   www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html

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   Why did Verizon sell its Media Group to Apollo Global Management?

   • Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10% stake in the company and it will be rebranded to just Yahoo.

   Verizon sells media businesses including Yahoo and AOL to Apollo ... - …

   www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html

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   Does Verizon still own Yahoo?

   • Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. One of the world’s premier global technology and media companies, Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses.

   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's former media properties become profitable under Apollo?

   • Under Apollo, Verizon’s former media properties will be challenged to grow and become profitable in order to attract yet another sale or exit down the road. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. The sale signals that Verizon will focus on its internet-provider businesses as rivals continue to explore media.

   Verizon sells media businesses including Yahoo and AOL to Apollo ... - …

   www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html

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9. www.yahoo.com › entertainment › verizon-media-aheadVerizon Media, Ahead of Spin-Off, Sees Q2 Revenue ... - Yahoo

   www.yahoo.com › entertainment › verizon-media-ahead

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   Jul 21, 2021 · Verizon Media is getting ready to fly out of the Verizon nest as a private company — and CEO Guru Gowrappan says the digital-media group that encompasses Yahoo and AOL businesses has...