Verizon sells internet trailblazers Yahoo and AOL for $5B
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MICHELLE CHAPMAN and TALI ARBEL, AP Business Writers
May 3, 2021
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AOL and Yahoo are being sold again, this time to a private equity firm.Michael Probst, STF / Associated PressShow MoreShow Less
2of6FILE - The Yahoo logo is displayed outside of offices in Santa Clara, Calif., in this Monday, April 18, 2011, file photo. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo.Paul Sakuma/APShow MoreShow Less