techcrunch

  • Verizon’s Selling Off AOL and Yahoo for $6 Billion

    Verizon’s Selling Off AOL and Yahoo for $6 Billion

    Verizon’s officially selling off its media assets to the private equity firm Apollo Global for $US5 ($6) billion, the company announced on Monday. Alongside that bundle of cash, Verizon will also be keeping a 10% stake in the company, which will simply be renamed — no joke — Yahoo.