Verizon's Selling Off AOL and Yahoo for $5 Billion


Verizon s Selling Off AOL and Yahoo for $5 Billion

Verizon’s officially selling off its media assets to the private equity firm Apollo Global for $5 billion, the company announced on Monday. Alongside that bundle of cash, Verizon will also be keeping a 10% stake in the company, which will simply be renamed—no joke—Yahoo.

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Tags: Verizon, Science, Yahoo, Aol, Apollo Global

Source:  https://gizmodo.com/verizons-selling-off-its-media-properties-for-5-billio-1846810182