News > Verizon to sell media business, including Yahoo, AOL to Apollo for $5 billion
Verizon to sell media business, including Yahoo, AOL to Apollo for $5 billion
LiveMint | 03/05/2021 10:59 PM | Click to read full article
Verizon Communications Inc said on Monday it has agreed to sell its media unit, which includes Yahoo and AOL, to Apollo Global Management Inc for $5 billion, as it looks to offload its digital media business.
The business will be called Yahoo when the deal closes, which is expected in the second half of 2021, the company said.