Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”

- Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.

CNBC 2021-05-03 Steve Kovach

Discussion

@jshieber Jon Scriber on x
No matter the owner ⁦@TechCrunch⁩ will be the go-to destination for reporting on the business and culture of entrepreneurship and the first look most people get at the tech that will make the future. ⁦@apolloglobal⁩ bought the best in the biz. https://www.verizon.com/...
@dailydirtnap Jared Dillian on x
The real news here is that somebody paid $5 billion for Yahoo and AOL https://twitter.com/...
@smashdawg Jeremy Kaplan on x
I guess they're breaking their Oath https://twitter.com/...
@profcarroll David Carroll on x
Verizon: We are not a dumb pipe. We will buy data and profit gloriously from adtech. Verizon: Or not. Ok we'll be a dumb pipe if you insist. https://www.nytimes.com/...
@evleaks Evan Blass on x
As the Times article notes, Verizon's content play was an ill-conceived bet that media would drive wireless data usage. What's ironic is that, had VZ bothered to study AOL's disastrous TW merger, it would have learned that these anticipated synergies often fail to materialize. ht…
@jamesrbuk James Ball on x
I'd love to be pleasantly surprised but this feels like it would be a “take the cash flow as you sell it for parts” kind of acquisition... https://twitter.com/...
@evleaks Evan Blass on x
When I started at Engadget, it was part of the Weblogs, Inc blog network. WIN got bought by AOL, then AOL got bought by Verizon (followed by Yahoo), and now both (plus Engadget?) may be on the block yet again. https://www.nytimes.com/...
@megancgraham Meg Graham on x
Verizon selling Yahoo and AOL for $5B. Verizon bought AOL in 2015 for $4.4 billion, and Yahoo for $4.5 billion in 2017. More via @stevekovach https://www.cnbc.com/...
@rustybrick Barry Schwartz on x
So now Yahoo to be renamed to Yahoo and Verizon will keep 10% share - but sold both Yahoo and AOL for only $5 billion https://twitter.com/...
@sherman4949 Alex Sherman on x
My biggest hope in the filings of the Verizon Media sale to Apollo is we get an updated number of how many people still pay for dialup AOL internet. It was still 2.1 million(!) in 2015. https://www.cnbc.com/...
@stevekovach Steve Kovach on x
Oath to Apollo https://www.cnbc.com/...
@alex @alex on x
ok so apparently I work for Yahoo now
@davidclinchnews @davidclinchnews on x
“...user-generated content, whether in the form of Facebook posts or YouTube videos, drove much of online activity. AOL and Yahoo, despite their big audiences, had become distant also-rans” Verizon Near Deal to Sell Yahoo and AOL https://www.nytimes.com/...

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Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”

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