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    • Apollo Global Management, Inc

      • 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.
      www.verizon.com/about/news/verizon-media-be-acquired-apollo-funds

      Verizon Media to be acquired by Apollo Funds

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  3. 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.

  4. techcrunch.com › 2021/09/01 › apollo-completes-its-5Apollo completes its $5B acquisition of Verizon Media, now ...

    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)...

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

    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.

  7. 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.

  8. www.verizon.com › news-about-verizon-media-groupNews about Verizon Media Group | Featured News Story | Verizon

    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.

  9. techcrunch.com › 2021/05/03 › private-equity-firmPrivate equity firm Apollo to buy Verizon Media assets for ...

    May 3, 2021 · Following several days of negotiation and rumors, Verizon today announced that it has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5...

  10. www.rbccm.com › en › insightsApollo Acquires Verizon Media for $5.0 Billion | RBCCM

    May 20, 2021 · Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) entered into an agreement announced on May 4, 2021 for Apollo Funds to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo and continue to be led by CEO Guru Gowrappan.

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