---
title: "Verizon to Trade Yahoo, AOL Business to Apollo at $5 Billion."  
description: "Verizon Communications announced that it has approved to trade its media department, which comprises Yahoo & AOL, to Apollo Global Management Inc for"  
author: "Anonymous User"  
published: 2021-05-03  
updated: 2021-05-03  
canonical: https://www.mindstick.com/news/541/verizon-to-trade-yahoo-aol-business-to-apollo-at-5-billion  
category: "business"  
tags: ["business process", "business model", "news", "business"]  
reading_time: 2 minutes  

---

# Verizon to Trade Yahoo, AOL Business to Apollo at $5 Billion.

Verizon [Communications](https://www.mindstick.com/articles/44489/leased-lines-and-other-tools-for-business-communications) announced that it has approved to trade its media department, which comprises Yahoo & AOL, to [Apollo Global Management](https://en.m.wikipedia.org/wiki/Apollo_Global_Management) Inc for $5 billion (roughly Rs. 36,930 crores), as it peeks to empty its [digital media](https://answers.mindstick.com/qa/93513/what-are-the-new-guidelines-by-the-indian-government-for-digital-media-and-ott-media) industry.

![Verizon to Trade Yahoo, AOL Business to Apollo at $5 Billion.](https://www.mindstick.com/usernews/634367/6ca55cb3-74d1-4a6b-a7ac-71fa5532a5dc/images/e13a98ae-dc90-4376-a875-04ea1468b8db.jpeg)\

[Verizon](https://en.m.wikipedia.org/wiki/Verizon_Communications) has aspired to expand its media industry, declaring them nearly worthless with a $4.6 billion (about Rs. 33,970 crores) write-down in 2018. Larger players as Facebook and Google possess cleared the digital advertisement market.

Verizon will receive $4.25 billion (approximately Rs. 31,390 crores) in cash, [selective](https://yourviews.mindstick.com/view/81401/donald-trump-delivering-ventilators-to-selective-countries) [attention](https://answers.mindstick.com/qa/45144/what-is-a-calling-attention) of $750 million (approximately Rs. 5,540 crores), and preserve a 10% risk in Verizon Media, as a portion of the deal duration.

![Verizon to Trade Yahoo, AOL Business to Apollo at $5 Billion.](https://www.mindstick.com/usernews/634367/6ca55cb3-74d1-4a6b-a7ac-71fa5532a5dc/images/09664ce8-ba0b-449b-8379-bd241e398d21.jpeg)\

The company will be named [Yahoo](https://en.m.wikipedia.org/wiki/Yahoo!) when the deal shuts, which is anticipated in the additional half of 2021, the business stated.

Verizon Media's [portfolio](https://www.mindstick.com/articles/12473/claue-best-magento-theme-for-online-fashion-store-portfolio-personal-blog) includes online [categories](https://answers.mindstick.com/qa/47601/what-are-the-categories-of-stations-for-provision-of-passenger-amenities-explain-them) such as TechCrunch, Makers, Ryot, & Flurry, as per its website.

In 2017, Verizon acquired Yahoo's Internet [properties](https://www.mindstick.com/articles/23331/nootropics-7-different-types-and-their-unique-properties) for approximately $4.48 billion (about Rs. 33,090 crores), betting its 1 billion-plus users would be a productive audience for online advertisement. It obtained the email assistance AOL for $4.4 billion (approximately Rs. 32,500 crores) in 2015.

---

Original Source: https://www.mindstick.com/news/541/verizon-to-trade-yahoo-aol-business-to-apollo-at-5-billion

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