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Top Private Equity Investors in Hollywood Entertainment

Top Private Equity Investors in Hollywood Entertainment
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Ismét gazdát cserélt két úttörő internetes platform

Ismét gazdát cserélt két úttörő internetes platform
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Verizon to sell Yahoo, AOL for $5b to private equity firm

Verizon to sell Yahoo, AOL for $5b to private equity firm
By AFP - May 04,2021 - Last updated at May 04,2021
This combination of photos shows the Yahoo logo displayed in front of the Yahoo headqarters in Sunnyvale, California and the AOL logo posted on a sign in front of the AOL Inc. offices in Palo Alto, California (AFP file photo)
WASHINGTON Verizon announced on Monday it was selling faded Internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the media ambitions of the telecoms giant.
The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. ....

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Apollo's $5 Billion Bet on Yahoo Aims to Go Beyond Ad...

Along with Yahoo, Apollo is getting AOL, TechCrunch, Ryot, Built By Girls and Flurry. Guru Gowrappan, who headed the division for Verizon, will be chief executive officer of Yahoo. Verizon will keep a 10% stake in the venture.
Apollo partner Reed Rayman said he hopes to take these primarily advertising-driven media brands and augment them with new products like subscription services and sports betting.
Those ambitions aren’t altogether different than the previous management’s, but Verizon, which was almost solely focused on expanding its wireless business into 5G, couldn’t find enough patience or resources to make its media foray a success. ....

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Verizon Media sold to Apollo Global Management for US$5bn

Verizon Media sold to Apollo Global Management for US$5bn
May 4, 2021 11:14
Verizon today announced the sale of Verizon Media to private equity firm Apollo Global Management Inc. for US$5 billion (A$6.45 billion). The company will go forward under the name Yahoo.
Verizon will retain a 10% stake in the company now known as Yahoo, and will be led by current Verizon Media CEO Guru Gowrappan.
“We are excited to be joining forces with Apollo,” said Gowrappan, “the past two quarters of double-digit growth have demonstrated our ability to transform our media ecosystem. With Apollo’s sector expertise and strategic insight, Yahoo will be well positioned to capitalise on market opportunities, media and transaction experience and continue to grow our full stack digital advertising platform.” ....

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