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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.
The sale of the media unit reaffirms Verizon's (VZ) focus on its core wireless business, where it is seeing solid demand for its services. Verizon (VZ) Inks Deal to Sell Media Business to Apollo ...
Inc. (1995–2017) (as Yahoo!) Yahoo! Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017. [6] [7] The resulting subsidiary entity ...
Apollo Global is a joint venture between the Apollo Group and the Carlyle Group. The two partners invested $1 billion in Apollo Global. The Apollo Group invested roughly $801 million and owns 80.1% of the new company. Carlyle invested $199 million and controls the remaining shares. Apollo Global replaced Apollo International.
AOL is now owned by Apollo Global Management. (through 90% of Yahoo! Inc.) Atari, Inc. - sold to Jack Tramiel on July 1, 1984, for 50 dollars cash and 240 million in stock and notes. ACC Select; All3Media - 50% stake with Liberty Global; sold to RedBird IMI in 2024 for £1.15 billion ($1.45 billion)
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company (after China Mobile) by revenue and its mobile network is the largest wireless carrier in the United States, with 114.8 million subscribers as of March 31, 2024.
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