Retail News

Verizon selling AOL and Yahoo to equity firm

The New York Times 05/03/2021

Verizon Communications has reached a deal to sell AOL and Yahoo to Apollo Global Management for $5 billion. The deal includes Verizon’s advertising technology business. Verizon will maintain a 10 percent stake. That unit generated $1.9 billion in first quarter sales, a 10 percent improvement over the same period in 2020.

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