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

Calum Jaspan

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.

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Calum Jaspan

Calum Jaspan was news editor at Mumbrella, based in Melbourne. He was also the producer and host of the Mumbrellacast. He left Mumbrella in May 2023.

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

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