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The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo. Verizon sells Yahoo and AOL businesses to Apollo for $5 billion
AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 ...
On Monday, Verizon Communications Inc. (NYSE:VZ) announced an agreement to sell Verizon Media, including Yahoo and AOL, to Apollo Global Management Inc. (NYSE:APO) for a total sum of $5 billion.
In July 2013, Yahoo! reported a fall in revenues, but a rise in profits compared with the same period in the previous year. Reaction on Wall Street was muted, with shares falling 1.7%. [56] In September 2013, it was reported that the stock price of Yahoo! had doubled over the 14 months since Mayer's appointment. [57]
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com , an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire.
Altaba Inc. was a non-diversified, closed-end management investment company based in New York City [2] that was formed from the remains of the first incarnation of Yahoo! Inc. after Verizon had acquired old Yahoo's Internet business. [3] Verizon completed its acquisition on June 13, 2017, and put the assets under a new subsidiary named Yahoo!
Verizon Communications has revealed that it’s offloading Yahoo and AOL to private equity firm Apollo Global Management for $5 billion, around half of what it paid for the two properties. Verizon ...
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]