Verizon Is Selling Yahoo And Aol For 5 Billion
AOL and Yahoo Are Under New Ownership (Again) In a post on the Verizon News Center, the company revealed that it’s selling off Verizon Media, a branch that consisted of AOL and Yahoo, as well as other online media platforms. Private equity firm, Apollo Global Management, will be acquiring both companies. The $5 billion deal is significantly lower than what Verizon initially paid for both companies. Verizon purchased AOL for $4....