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  • Verizon announced Monday the sale of its media division to Apollo Global Management for $5 billion, creating a new company that will known by one of the iconic brands of the internet age: Yahoo. Verizon will retain a 10 percent stake in the company, which will continue to be led by CEO Guru Gowrappan, the company said in a statement. hs/st
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  • Verizon says to sell media branch to Apollo Funds for $5 bn
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