Verizon to sell Yahoo, AOL for US$5 billion to private equity firm

Verizon has announced that it is selling Yahoo and AOL to Apollo Global Management for US$5 billion. – EPA pic, May 3, 2021.

VERIZON announced today it was selling faded internet stars Yahoo and AOL to a private equity firm for US$5 billion (RM20.5 billion), ending the media ambitions of the telecoms giant.

The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands.

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