{"id":43886,"date":"2021-05-03T08:04:33","date_gmt":"2021-05-03T12:04:33","guid":{"rendered":"http:\/\/pappp.net\/?guid=c751e2e385491d9c6c5fc9b56fcf54b3"},"modified":"2021-05-03T08:04:33","modified_gmt":"2021-05-03T12:04:33","slug":"verizon-sells-aol-and-yahoo-for-about-half-of-what-it-paid","status":"publish","type":"post","link":"https:\/\/pappp.net\/?p=43886","title":{"rendered":"Verizon sells AOL and Yahoo for about half of what it paid"},"content":{"rendered":"<p class=\"syndicated-attribution\">Source: <a href=\"https:\/\/www.theverge.com\/2021\/5\/3\/22416854\/aol-yahoo-sale-apollo-venetian-hotel-verizon\">The Verge -  All Posts<\/a><\/p>\n<div style=\"background-color : #fff7d5;\n\t\t\tborder-width : 1px; padding : 5px; border-style : dashed; border-color : #e7d796;margin-bottom : 1em; color : #9a8c59;\">Article note: Who would have imagined that buying dying tech companies then jerking around their remaining desirable brands would result in selling them a couple years later for half of what you paid...<\/div><figure><img alt=\"aol man\" src=\"https:\/\/cdn.vox-cdn.com\/thumbor\/rPGL_9o4DzHE6BpKtw0ptYXAupA=\/0x11:570x391\/1310x873\/cdn.vox-cdn.com\/uploads\/chorus_image\/image\/69226681\/runningman.0.0.jpg\" referrerpolicy=\"no-referrer\" loading=\"lazy\"\/><\/figure><p>Verizon has sold its AOL and Yahoo properties to Apollo Global Management in a deal said to be worth $5 billion, about half of the nearly $9 billion Verizon originally paid for the pair. Verizon will maintain a 10 percent stake in the company, now known as Yahoo and led by CEO Guru Gowrappan. The deal, which includes Verizon&rsquo;s ad tech business, was heavily rumored over the last week and is still subject to closing conditions. Once complete, it&rsquo;ll bring an end to Verizon&rsquo;s troubled experiment with media production and advertising.<\/p>\n<p>Apollo is a private equity firm that owns the <a href=\"https:\/\/www.apollo.com\/stockholders\/press-releases\/2021\/03-03-2021-113034148\" rel=\"noopener noreferrer\">Venetian resort in Las Vegas<\/a> and crafts retailer <a href=\"https:\/\/www.cnbc.com\/2021\/03\/03\/crafts-retailer-michaels-to-be-bought-by-apollo-global-for-5-billion.html\" rel=\"noopener noreferrer\">Michaels<\/a>. Apollo co-founder Leon Black recently stepped down as Chairman, soon after it was revealed that he <a href=\"https:\/\/www.nytimes.com\/2021\/01\/26\/business\/jeffrey-epstein-leon-black-apollo.html\" rel=\"noopener noreferrer\">paid...<\/a><\/p>\n  <p>\n    <a href=\"https:\/\/www.theverge.com\/2021\/5\/3\/22416854\/aol-yahoo-sale-apollo-venetian-hotel-verizon\" rel=\"noopener noreferrer\">Continue reading&hellip;<\/a>\n  <\/p>","protected":false},"excerpt":{"rendered":"<p>Verizon has sold its AOL and Yahoo properties to Apollo Global Management in a deal said to be wort&#8230;<\/p>\n<p> <a href=\"https:\/\/pappp.net\/?p=43886\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[226],"tags":[],"class_list":["post-43886","post","type-post","status-publish","format-standard","hentry","category-news-2"],"_links":{"self":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/43886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43886"}],"version-history":[{"count":0,"href":"https:\/\/pappp.net\/index.php?rest_route=\/wp\/v2\/posts\/43886\/revisions"}],"wp:attachment":[{"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pappp.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}