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Apr 21, 2024 · The Apollo Acquisition: A Closer Look. In September 2021, Apollo Global Management completed the acquisition of Verizon Media for $5 billion, with Verizon retaining a 10% stake in the new company.
May 3, 2021 · Private equity firm Apollo Global Management has acquired Verizon’s media group for $5 billion, the two companies announced Monday.
- Will Feuer
- 2 min
May 3, 2021 · The transaction includes the assets of Verizon Media, including its brands and businesses. The transaction is subject to satisfaction of certain closing conditions and expected to close in the second half of 2021. Goldman Sachs served as lead financial advisor to Verizon in the transaction.
Jan 23, 2018 · Meanwhile, distributors like AT&T, which bought Time Warner, and Verizon, which bought AOL and Yahoo, thought they wanted to become media companies — and have now done an about-face and are...
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. This is a big step forward for our Media team.
The companies established Verizon Wireless as its own business operated by Bell Atlantic, which owned 55% of the venture. Vodafone retained 45% of the company. The deal was valued at approximately $70 billion and created a mobile carrier with 23 million customers.
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Most of the media outlets in Chicago-land are owned by large corporations -- this includes the cable companies, the newsppaers, the TV stations, the radio stations, the video stores, and the movie theaters, among others. This brochure highlights some of the major corporations with ties to Chicago media. We include information about major ...
