Verizon Communications' (VZ) Verizon Media to be Acquired by Apollo Funds (APO) for $5 Billion

Go back to Verizon Communications' (VZ) Verizon Media to be Acquired by Apollo Funds (APO) for $5 Billion

Verizon Media to be Acquired by Apollo Funds

May 3, 2021 8:00 AM EDT

Transaction Expected to Accelerate Growth of the Internet and Digital Media Leader

Verizon to Maintain Minority Stake in the New Company to be Known as Yahoo

NEW YORK, May 03, 2021 (GLOBE NEWSWIRE) -- 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... More