Verizon to Sell Yahoo, AOL Business to Apollo for $5 Billion As per the deal terms, Verizon will get $4.25 billion (roughly Rs. 31,390 crores) in cash, preferred interests of $750 million (roughly Rs. 5,540 crores), and retain a 10 percent stake in Verizon Media. By Reuters | Updated: 3 May 2021 18:24 IST Verizon Media's portfolio includes online brands such as TechCrunch, Makers, Ryot and Flurry Highlights Verizon Media's portfolio includes brands such as TechCrunch, Makers Verizon has struggled to grow its media business Verizon Communications said on Monday it has agreed to sell its media unit, that includes Yahoo and AOL, to Apollo Global Management Inc for $5 billion (roughly Rs. 36,930 crores), as it looks to offload its digital media business.