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Verizon sells Yahoo and AOL as part of $5 billion deal

Verizon sells Yahoo and AOL as part of $5 billion deal

Verizon will sell its media group to private equity firm Apollo Global Management for $5B. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will retain a 10% stake in the company and the new company will be rebranded to just Yahoo. Verizon and Apollo said they expect the transaction to close in the second half of 2021.

Kathy
Kathy
Idiot Prole
Idiot Prole 1 weeks

Let them die in peace. I recently installed windows 95 on a virtual machine and I am pretty sure AOL dialup was part of the TCP/IP package, lol.

Clint
Clint 1 weeks

Private equity company means that they will run it into the ground and sell off all assets while screwing over any employees. If you work there or rely on the services in any substantial way, leave now.

Lev !🇺🇸 MINISTRY OF TRUTH
Lev !🇺🇸 MINISTRY OF TRUTH 1 weeks

Wait a minute, Verizon found idiohts to pay 5 billion dollars for Yahoo and AOL? Hey Apollo I have a bridge to sell you!

Barry MC
Barry MC 1 weeks

How in the hell are they worth 5 billion?

Darren
Darren 1 weeks

nice, this is another part in the list of trade deals involving yahoo, as their worth continues dropping

Mike
Mike 1 weeks

Someone is looking for a database of senior citizens.

Individual > collective
Individual > collective 1 weeks

Verizon and AT&T are selling off subsidiaries like the world is going to end

John
John 1 weeks

Nice

Just Keep Scrolling
Just Keep Scrolling 1 weeks

AOL still exists? Man that name brings back some nostalgia. :P

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