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1. www.verizon.com › about › newsVerizon Media to be acquired by Apollo Funds

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   May 3, 2021 · Verizon Media, the parent company of Yahoo and AOL, will be acquired by Apollo Funds in the second half of 2021. Verizon will retain a 10% stake in the new company, which will continue to be led by CEO Guru Gowrappan.

2. www.verizon.com › news-about-verizon-media-groupNews about Verizon Media Group | Featured News Story | Verizon

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   May 3, 2021 · Verizon announces an agreement with Apollo to sell its media business, which will operate as Yahoo after the deal closes. Verizon CEO Hans Vestberg praises the media team's turnaround and growth potential in a letter to the employees.

3. www.verizon.com › introducing-verizon-media-groupIntroducing Verizon Media | Featured News Story | Verizon

   www.verizon.com › introducing-verizon-media-group

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   Dec 18, 2018 · Verizon Media is the new brand of Oath, a division of Verizon that reaches nearly a billion people with diverse and quality consumer products. Learn about the latest enhancements, innovations and partnerships in advertising, publishing, sports, finance, news and more.

4. People also ask

   Who owns Verizon Media?

   • NEW YORK May 3, 2021 - Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) entered into an agreement to acquire Verizon Media for $5 billion.

   Verizon Media to be acquired by Apollo Funds

   www.verizon.com/about/news/verizon-media-be-acquired-apollo-funds

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   What is Verizon Media's corporate carveout?

   • The corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide. “We are excited to be joining forces with Apollo,” said Guru Gowrappan, CEO, Verizon Media.

   Verizon Media to be acquired by Apollo Funds

   www.verizon.com/about/news/verizon-media-be-acquired-apollo-funds

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   Why did Verizon sell its Media Group?

   • The sale signals that Verizon will focus on its internet-provider businesses as rivals continue to explore media. Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.

   Verizon sells media businesses including Yahoo and AOL to Apollo for …

   www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html

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   What happened to Verizon Media?

   • V Team, Moments ago we made an important announcement. We’ve entered into an agreement with a leading global investment manager, Apollo, to acquire Verizon Media. While this is a bittersweet moment, Verizon will maintain a minority stake in the new company, which upon deal closing will be called Yahoo. This is a big step forward for our Media team.

   News about Verizon Media Group | Featured News Story | Verizon

   www.verizon.com/about/news/news-about-verizon-media-group

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5. techcrunch.com › 2021/09/01 › apollo-completes-its-5Apollo completes its $5B acquisition of Verizon Media, now ...

   techcrunch.com › 2021/09/01 › apollo-completes-its-5

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   Sep 1, 2021 · Verizon sells its media assets, including Yahoo, AOL, Engadget and TechCrunch, to private equity firm Apollo. The deal marks the end of Verizon's online media ambitions and the start of a new era for Yahoo as a standalone entity.

6. www.cnbc.com › 2021/05/03 › verizon-sells-yahoo-andVerizon sells media businesses including Yahoo and AOL to ...

   www.cnbc.com › 2021/05/03 › verizon-sells-yahoo-and

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   May 3, 2021 · Verizon offloads its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management in 2021. The sale marks the end of Verizon's online media ambitions and the latest turn in the roller coaster ride of AOL and Yahoo.

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8. variety.com › 2021 › digitalVerizon Media Q2: Revenue Bounces Back Over Pre-Pandemic Levels

   variety.com › 2021 › digital

   Jul 21, 2021 · Verizon Media, which includes Yahoo and AOL businesses, posted $2.1 billion in revenue for the second quarter of 2021, driven by digital advertising and consumer commerce growth. The media group is set to become a private company called Yahoo in the second half of 2021 after a deal with Apollo Global Management.

9. www.yahooinc.com › press › introducing-verizon-mediaIntroducing Verizon Media Group | Yahoo Inc.

   www.yahooinc.com › press › introducing-verizon-media

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   Dec 18, 2018 · Verizon Media Group is a core pillar of Verizon's business, offering diverse and quality consumer products and advertising solutions. Learn about its recent launches, features, partnerships and innovations across sports, finance, news, lifestyle and more.