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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 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.
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.
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.
Verizon completed its acquisition of Yahoo for $4.48 billion on June 13, 2017. Verizon sold its media group, including AOL and Yahoo, to Apollo Global Management for $5 billion in 2021, with Verizon retaining a 10% stake in the division.
Mar 11, 2021 · Verizon Media is a tech and media company with global assets for advertisers, consumers and media companies. Iván Markman, Chief Business Officer discusses their recent success and future...
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Sep 2, 2021 · Yahoo and AOL, formerly known as Verizon Media Group, have officially been acquired by their new owners and renamed as simply “Yahoo.” Verizon announced it was selling the properties to Apollo...
