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Verizon Sells AOL and Yahoo for $5 Billion to Apollo Global Management

Marquee media groups being purchased in the deal include Engadget, TechCrunch, and Yahoo Finance. Other notable products in the sale include AOL s dial-up internet customer base, Yahoo Mail, and the Yahoo portal homepage.
We are big believers in the growth prospects of Yahoo, Apollo senior partner and co-head of private equity David Sambur said in the announcement.
Verizon originally purchased AOL back in May 2015 for $4.4 billion, and Yahoo in July 2016 for $4.83 billion making the sale of both companies for $5 billion about a 50% overall loss. The two companies were temporarily known as Oath, an umbrella unit within Verizon that included AOL and Yahoo. It was later rebranded as Verizon Media Group. ....

Apollo Global Management , Verizon Media Group , Tim Armstrong , Ben Gilbert ,

Verizon to Sell Yahoo, AOL Business to Apollo for $5 Billion

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. ....

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Private hospital chains Max, Fortis and Apollo set to start vaccinations for 18-45 age group

Private hospital chains Max, Fortis and Apollo set to start vaccinations for 18-45 age group
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The drive would begin in other cities when supplies are made available. Fortis will administer Covid vaccines for 18+ at its centres across north India from tomorrow, according to a statement on Friday. Fortis said it will administer Covaxin at Rs 1,250 per dose, which includes the cost of the vaccine and administration charges.
Three leading private hospital chains, Max Healthcare,
Apollo Hospitals, said they would start the new phase of the vaccination drive from Saturday, when all adults are eligible to get the jab. ....

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Three Leading Private Hospital Chains Begin Inoculating 18-44 Age Groups Against COVID-19 At Select Centres

Three Leading Private Hospital Chains Begin Inoculating 18-44 Age Groups Against COVID-19 At Select Centres
Max Healthcare (@MaxHealthCare/Twitter)
Three of the nation s leading private sector hospital chains, Max Healthcare, Fortis Healthcare and Apollo Hospitals have begun the roll-out of vaccination for those aged between 18-44 years today at select centres with limited supplies, reports
Economic Times.
This gains significance as most state governments have said that they would be unable to start inoculation of 18-45 age group due to unavailability of vaccines.
Other private hospital chains have also said that they are facing a shortage of vaccines and would not be able to begin inoculating those in the 18-44 age group for now. ....

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Bengaluru: Acute lack of oxygen beds leaves even VVIPs, ministers gasping | Bengaluru News

Recently, former chief minister HD Kumaraswamy, who contracted the infection, tried unsuccessfully at that for a bed in Manipal hospital and eventually managed to secure one in Apollo hospital.
A senior minister in Yediyurappa’s cabinet reportedly had a difficult time getting a bed with oxygen facility for one of his close relatives, who had difficulty in breathing. “I had to buy an oxygen cylinder and get him treated at home as no private hospital was ready to admit him due to uncertainty of oxygen supply. Eventually we shifted him to a hospital in Mysuru,” the minister said.
Shortage of specialists too ....

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