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Apollo bought verizon media
Verizon will be retaining 10% of the newly. The deal is worth $5 billion, with $ billion in cash, plus preferred interests of $ million. Brian Heater Ingrid Lunden 1 year. Private equity firm Apollo Global Management this . Sep 01, · Apollo completes its $5B acquisition of Verizon Media, now known as Yahoo. Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) entered into an agreement announced on May 4, for Apollo Funds to acquire. 5. Apollo will be paying Verizon $ billion in cash, along with preferred interests of $ million, and Verizon will keep 10% of the company. Find and people, hashtags and pictures in every theme. . Search Twitter for apollo bought verizon media, to find the latest news and global events. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. NEW YORK May 3, - Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) entered into an agreement to acquire Verizon Media for $5 billion. Verizon Media to be acquired by Apollo Funds Media contact (s) Joanna Rose Communications@rainer-daus.de Kim Ancin rainer-daus.de@rainer-daus.de Investor Contact: Peter Mintzberg APOInvestorRelations@rainer-daus.de Transaction expected to accelerate growth of the Internet and digital media leader. May 03, · NEW YORK, May 03, (GLOBE NEWSWIRE) -- Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, . Under the terms of the agreement, Verizon will receive $ billion in cash, preferred interests of $ million and retain a 10% stake in. Verizon and Apollo first announced the deal in May, and the sale includes ad tech assets. 9. Verizon bought Yahoo in for about. 1.