We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Verizon Communications Inc | NYSE:VZ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.16 | -0.40% | 39.54 | 39.66 | 38.935 | 39.50 | 15,943,610 | 01:00:00 |
From Apr 2021 to Apr 2024
By Micah Maidenberg
Apollo Global Management Inc. agreed to pay about $5 billion to acquire Yahoo and AOL from Verizon Communications Inc. as the wireless giant exits its ill-fated foray into the media business.
The private-equity firm is paying $4.25 billion in cash for a majority stake in the media assets and providing Verizon with interests in the businesses totaling $750 million. In addition, Verizon will keep a 10% stake in a new company, called Yahoo, that will be formed to operate the business.
The Wall Street Journal earlier reported Apollo's interest in Verizon Media's business, which mostly struggled to grow against Google and Facebook Inc. Verizon Media had about $7 billion in revenue last year.
Ben Mullin, Miriam Gottfried and Drew FitzGerald contributed to this article
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
May 03, 2021 08:43 ET (12:43 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Verizon Communications Chart |
1 Month Verizon Communications Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
