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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.
May 3, 2021 · 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.
May 4, 2021 · Verizon has been making moves to refocus its attention on its wireless networks and other internet provider businesses of late and has been selling off its media properties. Last year, the company sold HuffPost to BuzzFeed.
- Richard Summerfield
Sep 1, 2021 · Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from...
The deal for Yahoo and other Verizon Media properties is expected to close in the second half of 2021. Bloomberg/Getty Images. By Andrew Blustein. Verizon Media faced advertisers at the...
- Andrew Blustein
May 20, 2021 · Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) entered into an agreement announced on May 4, 2021 for Apollo Funds to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo and continue to be led by CEO Guru Gowrappan.
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May 3, 2021 · May 3 (Reuters) - Verizon Communications Inc (VZ.N) 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...
