Apollo Funds complete acquisition of Yahoo

Apollo Global Management today announced that Apollo Funds have completed the acquisition of Yahoo from Verizon Media, after that for $5 billion deal was announced back in May. 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. Continue reading “Apollo Funds complete acquisition of Yahoo”

Verizon to sell Yahoo and AOL to Apollo Funds for $5 billion

Verizon today announced that it has signed an agreement with Apollo Funds to sell Verizon Media that comprises iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at the close of the transaction and will continue to be led by CEO Guru Gowrappan. Continue reading “Verizon to sell Yahoo and AOL to Apollo Funds for $5 billion”