Verizon sells Yahoo and AOL businesses to Apollo for $5 billion

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SOURCE: https://www.nbcnews.com/business/business-news/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132

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Summary

Verizon will keep a 10 percent stake in the company and it will be rebranded to just “Yahoo.”The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo.

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Verizon sells Yahoo and AOL businesses to Apollo for $5 billion

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