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

    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-- 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.

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

    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. Verizon will retain a 10% stake in the company ...

  3. www.marketingscoop.com › who-owns-verizon-mediaThe Evolution of Verizon Media: From Telecom Giant to Apollo ...

    Apr 21, 2024 · 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. The deal valued Verizon Media at approximately $4.25 billion, slightly less than the combined $8.9 billion that Verizon had paid for AOL and Yahoo just a few years earlier.

  4. nypost.com › 2021/05/03 › private-equity-firm-apolloPrivate equity firm Apollo acquires Verizon media group for $5B

    May 3, 2021 · Updated May 3, 2021, 11:17 a.m. ET. Private equity firm Apollo Global Management has acquired Verizon’s media group for $5 billion, the two companies announced Monday. Verizon Media, which ...

  5. www.thedrum.com › news › 2021/09/02Apollo Global Management buys Verizon Media and renames it ...

    Sep 2, 2021 · Yahoo has flitted between multiple owners since falling from grace as a darling of the early internet era. Its core internet business was snapped up by Verizon Communications for $4.5bn in 2017 ...

  6. variety.com › 2021 › digitalVerizon Selling Yahoo, AOL for $5 Billion to Apollo - Variety

    May 3, 2021 · The telco on Monday announced a deal with private-equity firm Apollo Global Management to sell Verizon Media. Verizon will retain a 10% stake in the company. Under the new ownership, the new ...

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  8. www.forbes.com › sites › bradadgateHow Verizon Media Became A Growth Company - Forbes

    Mar 11, 2021 · In fourth quarter 2020, Verizon Media had its best quarter since 2017, with revenues of $2.3 billion, up 11.4% year-over-year, what were the reasons for the strong revenue growth? Markman: It’s ...

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