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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.

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3. www.apollo.com › insights-news › pressreleasesVerizon Media to be Acquired by Apollo Funds

   www.apollo.com › insights-news › pressreleases

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   May 3, 2021 · Verizon to Maintain Minority Stake in the New Company to be Known as Yahoo. NEW YORK, May 03, 2021-- 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.

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

   techcrunch.com › 2021/09/01 › apollo-completes-its-5

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   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...

5. www.financierworldwide.com › fw-news › 2021/5/4Verizon Media sold for $5bn - Financier Worldwide

   www.financierworldwide.com › fw-news › 2021/5/4

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   May 4, 2021 · 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. Verizon originally paid nearly $9bn ...

   • Author: Richard Summerfield

6. www.adweek.com › programmatic › whats-next-forWhat's Next for Verizon Media After the Sale to Apollo? - Adweek

   www.adweek.com › programmatic › whats-next-for

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   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...

   • Author: Andrew Blustein

7. www.reuters.com › technology › apollo-acquireVerizon to offload Yahoo, AOL for $5 billion | Reuters

   www.reuters.com › technology › apollo-acquire

   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...

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?

   • 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 buying Yahoo for $4.5 billion two years later, combining the two legacy media properties into a combined group named Oath.

   Apollo completes its $5B acquisition of Verizon Media, now known as Y…

   techcrunch.com/2021/09/01/apollo-completes-its-5b-acquisition-of-verizon-media-now-known-as-yahoo/

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   How did Verizon Media perform in the past two quarters?

   • Verizon Media reported strong, diversified year-over-year revenue growth the past two quarters, driven by innovative ad offerings, consumer ecommerce, subscriptions, betting and strategic partnerships.

   Verizon Media to be acquired by Apollo Funds

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

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   Does Verizon Media have a growth potential?

   • “Verizon Media has done an incredible job turning the business around over the past two and a half years and the growth potential is enormous,” said Hans Vestberg, CEO, Verizon. “The next iteration requires full investment and the right resources.

   Verizon Media to be acquired by Apollo Funds

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

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   What is Verizon Media?

   • About Verizon Media Verizon Media, a division of Verizon Communications, Inc., houses a trusted media ecosystem of premium brands like Yahoo, TechCrunch and Engadget to help people stay informed and entertained, communicate and transact, while creating new ways for advertisers and media partners to connect.

   Verizon Media to be Acquired by Apollo Funds

   www.apollo.com/insights-news/pressreleases/2021/05/verizon-media-to-be-acquired-by-apollo-funds-130247212

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   How much money will Verizon receive from Verizon Media?

   • 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.

   Verizon Media to be Acquired by Apollo Funds

   www.apollo.com/insights-news/pressreleases/2021/05/verizon-media-to-be-acquired-by-apollo-funds-130247212

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9. www.yahooinc.com › press › verizon-media-be-acquiredVerizon Media to be acquired by Apollo Funds - Yahoo Inc.

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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.