, Verizon is selling its media group to Apollo for $5 billion – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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Verizon is selling its media group to Apollo for $5 billion – Source CNET Tech

, Verizon is selling its media group to Apollo for $5 billion – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

Angela Lang/CNET

Verizon on Monday  unveiled a deal to sell its media group, known as Verizon Media, to private equity firm Apollo Global Management for $5 billion. Verizon Media includes brands Yahoo and AOL, as well as ad tech and media platform businesses. 

Verizon will retain a 10% stake in company, which will be called Yahoo and be led by Verizon Media CEO Guru Gowrappan. 

“With Apollo’s sector expertise…

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Source CNET Tech

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