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Tag: Yahoo

Verizon Media to be acquired by Apollo Funds in a $5.0 billion deal

Posted on May 3, 2021May 3, 2021

NEW YORK: Verizon and Apollo Global Management Inc. announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan….

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