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Sri Lanka: All Island travel restriction will be lifted tomorrow

Sunday, 16 May 2021 - 19:37
Army Commander General Shavendra Silva stated that the current travel restrictions imposed all Island will be lifted at 4.00 am tomorrow (17).
However, even though the travel restrictions will be lifted tomorrow, the tavel restrictions imposed at night will be in effect from 11.00pm to 4.00am every day until May 31st.
The Army Commander expressed his gratitude for the assistance extended during the period when the travel restrictions were in place. ....

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Why Verizon's Divestiture Of AOL And Yahoo Is No Surprise

Earlier this week, Verizon announced it is selling AOL and Yahoo to private equity group Apollo for a hefty $5 billion. This news should come as no surprise. ....

At Amp T , இல் ஆம்ப் டி ,

Verizon to offload Yahoo, AOL for US$5 billion

Verizon Communications is getting rid of its media businesses that include iconic brands Yahoo and AOL for US$5 billion, ending an expensive and unsuccessful run in the media and advertising world.
Despite spending more than a decade and billions of dollars acquiring a stable of internet brands, the New York-based telecom company has struggled to make headway in a highly competitive internet advertising space dominated by Facebook Inc and Google and has focused its resources on developing 5G.
Having written US$4.6 billion off the value of the businesses in 2018, Verizon will get just US$4.25 billion in cash from private equity firm Apollo Global, along with preferred interests of US$750 million and a 10 percent stake in the unit - about half of what it had paid for the businesses. ....

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Verizon Sells Yahoo and AOL Businesses to Apollo for $5 Billion

Verizon will keep a 10% stake in the company and it will be rebranded to just Yahoo.
The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo at much lower valuations than they commanded just a few years ago. Verizon bought AOL for $4.4 billion in 2015 and Yahoo two years later for $4.5 billion.
Verizon will get $4.25 billion in cash from the sale along with its 10% stake in the company. Verizon and Apollo said they expect the transaction to close in the second half of 2021.
There has been increasing evidence recently that Verizon wanted to sell off its media properties and instead focus on its wireless networks and other internet provider businesses. Last year, Verizon sold HuffPost to BuzzFeed. It also recently sold off or shut down other media properties like Tumblr and Yahoo Answers. ....

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Verizon sells media unit, which includes Yahoo and AOL, to Apollo Global for $5-billion

Verizon sells media unit, which includes Yahoo and AOL, to Apollo Global for $5-billion
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