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  • Sept. 1: Apollo Global Management acquires Yahoo for $5B

     Japo_Japo updated 2 months, 3 weeks ago 1 Member · 1 Post
  • Japo_Japo

    Member
    September 13, 2021 at 8:51 am

    Private equity firm Apollo Global Management has completed its acquisition of Yahoo, formerly known as Verizon Media Group, from Verizon. The deal is valued at $5 billion, including $4.25 billion in cash, with Verizon retaining 10% of the newly rebranded company.

    “We look forward to partnering with Yahoo’s talented employee base to build on the company’s strong momentum and position the new Yahoo for long-term success as a standalone consumer internet and digital media leader,” Apollo Partner Reed Rayman said in a statement announcing the news. “We couldn’t be more excited about this next chapter for Yahoo as we look to invest in growth across the business, including accelerating its customer-first offerings and commerce capabilities, expanding its reach and enhancing the daily user experience.”

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