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Why did Verizon sell its Media Group?
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Why did Verizon sell its Media Group to Apollo Global Management?
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)...
- Verizon to Take a Charge of up to $6.7B Due to Oath and Redundancies
Verizon, the telecoms giant that is the parent of Oath (and...
- Oath is Dead. Long Live Verizon Media Group/Oath
Anyway, Oath is now going to be Verizon Media Group/Oath as...
- Memo
But don’t cry for Verizon just yet: the company employs...
- 2015 for $4.4 Billion
Digital Media Services is Verizon’s advertising business....
- Verizon to Take a Charge of up to $6.7B Due to Oath and Redundancies
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.
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.
May 3, 2021 · Verizon is exiting the media business, announcing Monday that it’s selling the unit for $5 billion to private equity firm Apollo Global Management. The sale includes AOL and Yahoo, which...
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...
- Jon Porter
May 3, 2021 · Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former...
Sep 1, 2021 · Verizon has retained a 10% stake in Yahoo. “We look forward to partnering with Yahoo's talented employee base to build on the company's strong momentum and position the new Yahoo for long-term success as a standalone consumer internet and digital media leader,” said Reed Rayman, Partner at Apollo.
