Advanced Television

Apollo Global Management

Apollo pays $5bn for Verizon Media, renames Yahoo

US multiplay telco Verizon and alternative investment manager firm Apollo Global Management have confirmed that funds managed by affiliates of Apollo have entered into an agreement to acquire media and online business Verizon Media for $5 billion (€4.14bn). Verizon will retain a 10 per stake in the company, comprised of iconic brands such as Yahoo […]

May 4, 2021