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    • Private equity firm Apollo to buy Verizon Media assets for ...
      • Following several days of negotiation and rumors, Verizon today announced that it has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5 billion. Apollo will be paying Verizon $4.25 billion in cash, along with preferred interests of $750 million, and Verizon will keep 10% of the company.
      techcrunch.com › 2021/05/03 › private-equity-firm-apollo-agrees-to-buy-verizon-media-assets-for-5-billion

      Private equity firm Apollo to buy Verizon Media assets for ...

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  3. finance.yahoo.com › news › verizon-media-sale-yahooVerizon is selling its media business for $5 billion

    May 3, 2021 · Verizon has agreed a deal to sell its "Verizon Media" unit — including Engadget — to the investment firm Apollo Global Management for $5 billion. Verizon will retain a 10-percent stake in the...

  4. www.apollo.com › insights-news › pressreleasesVerizon Media to be Acquired by Apollo Funds | Apollo Global ...

    May 3, 2021 · Under the terms of the agreement, Verizon will receive $4.25 billion in cash, preferred interests of $750 million and retain a 10% stake in Verizon Media. The transaction includes the assets of Verizon Media, including its brands and businesses.

  5. finance.yahoo.com › news › verizon-sell-mediaVerizon To Sell Media Business To Apollo Management For $5B ...

    May 4, 2021 · Verizon (VZ) will sell Verizon Media, the company’s ad technology and media platform business, to funds managed by affiliates of Apollo Global Management (APO) for a sale price of $5 billion....

  6. finance.yahoo.com › news › verizon-media-acquiredVerizon Media to be Acquired by Apollo Funds - Yahoo Finance

    May 3, 2021 · NEW YORK, May 03, 2021 (GLOBE NEWSWIRE) -- Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that...

  7. www.financierworldwide.com › fw-news › 2021/5/4Verizon Media sold for $5bn — Financier Worldwide

    May 4, 2021 · BY Richard Summerfield. Verizon Communications has sold its Verizon Media assets, including AOL and Yahoo, to private equity giant Apollo Global Management in a deal worth $5bn. Under the terms of the deal, Verizon will receive $4.25bn in cash from Apollo, along with preferred interests of $750m and a 10 percent stake in the unit.

  8. www.aljazeera.com › economy › 2021/5/3Verizon sells off media division including Yahoo, AOL for $5bn

    May 3, 2021 · 3 May 2021. Verizon Communications Inc. agreed to sell its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL...