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Verizon Media to be Acquired by Apollo Funds for $5B
May 04, 2021, 08:10 AM
Verizon and Apollo Global Management announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media 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.
One of the worldâs premier global technology and media companies, Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses. The corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide.
CVS profit rises 11% during pandemic, powered by health insurance earnings chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
After an 11% profit spike, CVS outlook for 2021 grows rosy
TOM MURPHY, AP Health Writer
May 4, 2021
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1of3CVS Pharmacy on Moosic Street is illuminated at night, Wednesday, April 21, 2021, in Scranton, Pa. (Jake Danna Stevens/The Times-Tribune via AP)Jake Danna Stevens/APShow MoreShow Less
2of3CVS Pharmacy on Moosic Street is illuminated at night, Wednesday, April 21, 2021, in Scranton, Pa. (Jake Danna Stevens/The Times-Tribune via AP)Jake Danna Stevens/APShow MoreShow Less
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CVS Health hiked its 2021 forecast and beat Wall Street s first-quarter expectations as a growing insurance business offset hits the health care giant took from a weak cold and flu season.
Healthpeak Properties Announces Tender Offers for Outstanding Notes
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DENVER, May 4, 2021 /PRNewswire/ Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has commenced tender offers (the Tender Offers ) to purchase for cash up to an aggregate principal amount of $550,000,000 (the Aggregate Maximum Tender Amount ) of its 3.400% Senior Notes due 2025 (the 3.400% Notes ) and its 4.000% Senior Notes due 2025 (the 4.000% Notes and, together with the 3.400% Notes, the Notes ).
Title of Note
(1) Per $1,000 principal amount.
(2) The Total Consideration for Notes validly tendered prior to or at the Early Tender Time (as defined below) and accepted for purchase is
Verizon sells majority stake of Yahoo, AOL to Apollo Global Management - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.