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- On May 3, 2021, Verizon announced that the Verizon Media would be acquired by Apollo Global Management for roughly $5 billion, and would simply be known as Yahoo following the closure of the deal, with Verizon retaining a minor 10% stake in the new group. The acquisition was completed on September 1, 2021, with the company now known as Yahoo.
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May 3, 2021 · Verizon bought Yahoo to combine its search, email and messenger assets, as well as its advertising technology tools, with the AOL platform.
Sep 2, 2021 · Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply “Yahoo.”
- Jon Porter
May 3, 2021 · Transaction expected to accelerate growth of the Internet and digital media leader. Verizon to maintain minority stake in the new company to be known as Yahoo.
May 3, 2021 · Transaction Expected to Accelerate Growth of the Internet and Digital Media Leader. Verizon to Maintain Minority Stake in the New Company to be Known as Yahoo. NEW YORK, May 03, 2021 (GLOBE...
May 4, 2021 · Verizon Media sold for $5bn. Verizon Communications has sold its Verizon Media assets, including AOL and Yahoo, to private equity giant Apollo Global Management in a deal worth $5bn. Under the terms of the deal, Verizon will receive $4.25bn in cash from Apollo, along with preferred interests of $750m and a 10 percent stake in the unit.
- Richard Summerfield
May 3, 2021 · Verizon has agreed a deal to sell its "Verizon Media" unit — including Engadget — to the investment firm Apollo Global Management for $5 billion.
May 3, 2021 · (Reuters) -Verizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media...
