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
  0.165 0.32% 52.075 52.18 51.92 52.05 3,924,040 15:59:15

Apollo Funds Complete Acquisition of Yahoo

01/09/2021 5:20pm

Dow Jones News

Verizon Communications (NYSE:VZ)
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By Stephen Nakrosis


Apollo Global Management Inc. on Wednesday said funds managed by its affiliates completed the acquisition of Yahoo.

In May, The Wall Street Journal reported that Apollo Global agreed to pay about $5 billion to acquire Yahoo and AOL from Verizon Communications Inc.

Yahoo, formerly known as Verizon Media, will operate as a standalone company under Apollo Funds, Apollo Global said.

Verizon retained a 10% stake in Yahoo, Apollo Global said.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

September 01, 2021 12:05 ET (16:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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