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Verizon sold media group for $ 5 billion, AOL and Yahoo sold in the red




A report from The Verge supports speculation that Verizon was in talks to sell the media group. This group includes both AOL and Yahoo !. These websites were once popular in the years before the birth of modern smartphones.

The following list includes all brands in the Verizon Media group.

Yahoo! Yahoo! Mail Tech Crunch Yahoo! Finance Engadget Yahoo! Entertainment RYOTAOL Yahoo! Life Yahoo! News Yahoo! Fantasy Yahoo! Know Girl A sports rival maker built by AutoBlogFlurry

Verizon has sold the assets of Verizon Media Group to Apollo Global Management, the parent company of The Venetian Resort and Casino in Las Vegas. The deal is reportedly worth $ 5 billion, with Verizon acquiring AOL in 2015 ($ 4.4 billion) and Yahoo ($ 4.5 billion) in 2017 for a total of nearly $ 9 billion. Is in stark contrast. Following the sale arrangements between AOL and Yahoos, Verizon continues to hold a 10% stake in the media group.

Yahoo acquired Tumblr in 2013, and Verizon eventually acquired the blogging platform with Yahoo. In 2019, Verizon planned to sell Tumblr for an unknown amount of less than $ 3 million, well less than the $ 1.1 billion Yahoo paid to Tumblr.

Looking to the future, Guru Gowrappan will oversee the new Yahoo. Apollo partner Reed Raymond looks forward to working with Guru, his talented team, and Verizon partners to accelerate Yahoo’s growth in the next chapter. New owners are hoping or at least trying to bring the new Yahoo back to the map.

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