Verizon sells Yahoo and AOL to Apollo for $5billion

Telecoms giant, Verizon, announced that it has agreed to sell its media group, which includes Yahoo and AOL, to private equity firm Apollo Global Management, for $5 billion. This is about half of what the company paid for the two entities – $4.4 billion for AOL in 2015 and $4.5 billion for Yahoo in 2017 … Continue reading Verizon sells Yahoo and AOL to Apollo for $5billion