Apollo to Acquire Verizon Media (Yahoo and AOL) in $5 Billion Deal

May 3, 2021

Verizon and Apollo Global Management announced an agreement for funds managed by Apollo to buy Verizon Media for $5 billion. The transaction is expected to close in the second half of 2021, with Verizon retaining a 10% stake and Guru Gowrappan continuing as CEO after close.

Targets
Verizon Media
Sellers
Verizon
Location
United States
Transaction Type
Buyout

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