Premium
This is an archive article published on May 3, 2021

Verizon selling Yahoo, AOL unit to Apollo in USD 5 billion deal

Verizon said Monday that it will keep a 10 per cent stake in the new company, which will be called Yahoo.

google-preferred-btn
VerizonAs part of the deal, Verizon will receive USD 4.25 billion in cash, preferred interests of USD 750 million and the minority stake. (File photo)

AOL and Yahoo are being sold again, this time to a private equity firm.

Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a USD 5 billion deal.

Verizon said Monday that it will keep a 10 per cent stake in the new company, which will be called Yahoo.

Story continues below this ad

As part of the deal, Verizon will receive USD 4.25 billion in cash, preferred interests of USD 750 million and the minority stake.

The transaction includes the assets of Verizon Media, including its brands and businesses such as Yahoo and AOL.

The deal is expected to close in the second half of the year.

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
Advertisement
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Rajnath singh
Not against any country, freedom of navigation in Indo-Pacific is to safeguard interests of all: Rajnath Singh
maithili thakur
In RJD territory, BJP bets on 25-yr-old Maithili Thakur to turn Mithila pride into political capital
Shah Rukh Khan and Hema Malini
EntertainmentHema Malini called Shah Rukh Khan 'very ugly', signed him as Aamir Khan, Salman Khan said no: 'Dharmendra sat there in his lungi'
KBC 17: Diljit Dosanjh responds to Khalistani threat after appearing with Amitabh Bachchan.
EntertainmentDiljit Dosanjh says dad checked tickets in roadways bus, salary finished by first day of month
86 year old uber driver sponsor 24 girls in India
TrendingMan runs $175 million business but still drives Uber at 86: ‘I send this money to educate girls in India’
Delhi Metro Vimal ad Noida station DMRC
Trending‘Please don’t damage the dignity of the Metro’: Delhi man questions pan masala brand's ad at Noida station, DMRC responds
India Women's World Cup families
SportsAhead of Women's World Cup final, families on road trip, visit temples, hope for a famous triumph: 'They have taught us to dream...'
India vs South Africa Women's World Cup final
SportsIndia vs South Africa, 2025 Women’s ODI World Cup Final: Key battles, X-factors and where the match could turn
Climate change, Bill Gates, donald trump, Pratap Bhanu Mehta writes on climate change, Climate change, Bill Gates, donald trump, editorial, Indian express, opinion news, current affairs
OpinionOn climate change: If Trump’s denialism is dangerous, Bill Gates’s complacency is more so
Andhra Pradesh Venkateswara Temple stampede
AP Venkateswara Temple Stampede: Why stampedes frequently tend to unfold in India
Priyanka on taking care of her jewellery
LifestylePriyanka Chopra swears by this trick to avoid ruining her jewellery: 'You don't want aerosol on it'
Privacy-first browsers like Brave and Tor offer more control over who you share your data with.
TechnologyBest privacy-friendly browsers in 2025: Tor, Brave, DuckDuckGo and more
Advertisement
Must Read
SportsAhead of Women's World Cup final, families on road trip, visit temples, hope for a famous triumph: 'They have taught us to dream...'
India Women's World Cup families
SportsIndia vs South Africa, 2025 Women’s ODI World Cup Final: Key battles, X-factors and where the match could turn
India vs South Africa Women's World Cup final
SportsFIDE World Cup 2025 Round 1 Game 1 LIVE Updates
FIDE Chess World Cup 2025 Round 1 Game 1 LIVE Updates: Follow Indians in action in Goa. (Photo: Michal Walusza/FIDE)
TechnologyBest privacy-friendly browsers in 2025: Tor, Brave, DuckDuckGo and more
Privacy-first browsers like Brave and Tor offer more control over who you share your data with.
TechnologyFrance switches on world’s first road that wirelessly charges EVs on the go
France plans to make 9,000 kms of wireless charging EV highways across the country.
TechnologyIndigenous databases like ShaktiDB will reduce dependence on foreign interests: Shankar Raman, CEO, IITM Pravartak
Shankar Raman, CEO, IITM Pravartak Foundation.
LifestylePriyanka Chopra swears by this trick to avoid ruining her jewellery: 'You don't want aerosol on it'
Priyanka on taking care of her jewellery
Advertisement
Buzzing Now
TrendingMan runs $175 million business but still drives Uber at 86: ‘I send this money to educate girls in India’
86 year old uber driver sponsor 24 girls in India
Trending‘Please don’t damage the dignity of the Metro’: Delhi man questions pan masala brand's ad at Noida station, DMRC responds
Delhi Metro Vimal ad Noida station DMRC
Trending‘India is chaotic perfection’: Gurugram couple’s viral post lists 11 reasons life here beats living abroad
Gurugram couple's 11 reasons why life in India beats living abroad
TrendingBengaluru man loses 40% of salary overnight, quits next day; company left in ‘full panic mode’
Bengaluru man resignation after 40% of salary cut
TrendingMakeup artist turns Annabelle, Halloween street stunt sends chills through Delhi: ‘Mummy yaad dila di’
Annabelle on Delhi Street Halloween
Nov 01: Latest News
Advertisement