Verizon sells Yahoo and AOL to Apollo for $5 billion

Yahoo and AOL are changing hands again.  Verizon, which purchased AOL in 2015 and Yahoo in 2017, is now selling them to private equity company Apollo Global Management for $5 billion.  Verizon merged AOL and Yahoo into a subsidiary called Oath in 2017, eventually rebranding it into Verizon Media. The new company, in which Verizon will retain a 10 percent stake, will be rebranded as just “Yahoo.”  Verizon originally acquired AOL for $4.4 billion and…

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Source – Mashable:
Verizon sells Yahoo and AOL to Apollo for billion

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