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About: http://data.cimple.eu/news-article/1fbff51f22d9b554eff66ca33ceb355d8d651de4042801a80319ff4d Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Verizon announced Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the media ambitions of the telecoms giant. The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. Verizon will retain a 10 percent stake in the company, which will continue to be led by chief executive Guru Gowrappan, the company said in a statement. Verizon acquired Yahoo in 2017 for some $4.5 billion, ending the run for one of the storied brands of the early internet. It merged Yahoo into its division with AOL, another star of the early internet era, which Verizon acquired in 2015. Both AOL and Yahoo lost traction -- and lofty market valuations -- as internet users shifted to newer platforms such as Google and Facebook. "We are thrilled to help unlock the tremendous potential of Yahoo and its unparalleled collection of brands," said Reed Rayman, private equity partner at Apollo. "We have enormous respect and admiration for the great work and progress that the entire organization has made over the last several years, and we look forward to working with Guru, his talented team, and our partners at Verizon to accelerate Yahoo's growth in its next chapter." Apollo's David Sambur added, "We are big believers in the growth prospects of Yahoo and the macro tailwinds driving growth in digital media, advertising technology and consumer internet platforms." hs-rl/st
schema:headline	Verizon to sell Yahoo, AOL for $5 bn to private equity firm
schema:mentions	Verizon Communications Digital media AOL Private equity Apollo program Guru Google Facebook Rayman Verizon Media Samburu people Apollo Global Management Opus Majus Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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