Today
Rain showers early becoming more intermittent overnight. Thunder possible. Low 51F. Winds NNW at 5 to 10 mph. Chance of rain 40%..
Tonight
Rain showers early becoming more intermittent overnight. Thunder possible. Low 51F. Winds NNW at 5 to 10 mph. Chance of rain 40%. Updated: May 28, 2021 @ 7:51 pm
Verizon Media sells Yahoo and AOL to Apollo adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Verizon sells Yahoo and AOL to Apollo for $5bn
NEW YORK, 4 hours, 34 minutes ago Verizon, a global telecom conglomerate, has entered into an agreement with Apollo Global Management for the latter to acquire Verizon Media comprised of iconic brands such as Yahoo and AOL for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. The corporate carveout will allow Verizon Media, which also comprises leading ad tech and media platform businesses to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide.