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May 3, 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.
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.
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 · In fourth quarter 2020, Verizon Media reported revenue growth for the first time since they acquired Yahoo three years ago. The global tech and media company with a wide variety of assets.
- Brad Adgate
Sep 2, 2021 · Yahoo has changed hands yet again in an increasingly confusing game of corporate pass the parcel, with private equity firm Apollo Global Management the latest proud owners.
Verizon (NYSE: VZ) is owned by 61.41% institutional shareholders, 0.23% Verizon insiders, and 38.36% retail investors. Vanguard Group Inc is the largest individual Verizon shareholder, owning 351.27M shares representing 8.35% of the company.
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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...
