Search results
Results from the Tech24 Deals Content Network
Image Credits: Getty Images. Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself ...
As Apollo takes the reigns of Yahoo, they will aggressively pursue growth areas to benefit the nearly 900 million monthly active users. On May 3, Verizon shares were trading at $58.05 with a ...
Following several days of negotiation and rumors, Verizon today announced that it has entered an agreement to sell its media assets to private equity firm Apollo Global Management for $5 billion ...
Yahoo! ( / ˈjɑːhuː /, styled yahoo! in its logo) [4] [5] is an American web services provider. It is headquartered in Sunnyvale, California, and operated by the namesake company Yahoo! Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications .
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in ...
In 2015, the company bought AOL — which owned Engadget alongside other news sites like HuffPost, TechCrunch and Autoblog — for $4.4 billion and then added Yahoo to the fold in 2017 in a $4.48 ...
On May 3, 2021, Verizon announced that the Verizon Media would be acquired by Apollo Global Management for roughly $5 billion, and would simply be known as Yahoo following the closure of the deal, with Verizon retaining a minor 10% stake in the new group. The acquisition was completed on September 1, 2021, with the company now known as Yahoo.
Asset management fees in the asset management segment rose 13%, driven by demand for retirement services. Apollo shares are up 22% year to date, outperforming the S&P 500's 9% gain. Brian Sozzi is ...