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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...
- Ingrid Lunden
Ingrid is a writer and editor for TechCrunch, joining...
- Memo
But don’t cry for Verizon just yet: the company employs...
- 2015 for $4.4 Billion
Well, that was fast: Verizon has just announced that it has...
- Ingrid Lunden
Sep 1, 2021 · With the close of the transaction, Yahoo will now operate as a standalone company under Apollo Funds. Verizon has retained a 10% stake in Yahoo.
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.
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...
- Jon Porter
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.
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May 3, 2021 · Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the Apollo Funds. 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.