Latest Breaking News On - வெரிசோன் மீடியா குழு - Page 10 : comparemela.com
Verizon quits digital ad space, sells Yahoo and AOL to Apollo for half of what it paid for them
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Verizon offloads Yahoo and AOL in $5 billion deal
kimt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kimt.com Daily Mail and Mail on Sunday newspapers.
Possible Apollo Deal Would Help Verizon to Focus on Wireless 5G vs. Legacy Media
Posted on 05/02/2021
Verizon Communications Inc. is nearing a possible outcome to dump its media division to Apollo Global Management Inc. Verizon plans to keep a stake in the business. Instead of media and blogs, Verizon wants to focus on its wireless business and building out advanced 5G services.
The media division includes 1990s internet brands such as Yahoo! and AOL (American Online). In 2020, Verizon sold left-wing opinion site HuffPost online news service to BuzzFeed Inc. In 2019, Verizon sold blogging platform Tumblr, which was one of Yahoo’s past prized acquisitions. Verizon threw cash at media properties, never being able to make true financial success. Verizon bought AOL for US$ 4.4 billion in 2015. Verizon had Tim Armstrong, the head of AOL, to attempt to build an assembly of internet brands called Oath. In 2017, Verizon bought Yahoo! for roughly US$ 4.5 billion. In 2018, Verizon wrote o
Verizon is weighing a sale of Verizon Media Group previously called Oath, and before that, simply the merged AOL-Yahoo internet group according to a person familiar with the matter. The Wall Street Journal first reported on the potential sale, which the newspaper said could be valued at $4 billion to $5 billion.
Verizon Media Group is a hodgepodge of assets, with some more valuable than others. The group generated about $7 billion in revenue in 2020 and $1.9 billion in the first quarter of 2021, up 10.4% over a year earlier, when pandemic quarantines first led to advertising spending declines.
It s possible a private equity buyer may acquire all of Verizon Media Group. If so, that firm is likely to harvest certain assets for cash. There may be a buyer or buyers for various businesses that have never fit Verizon under Chief Executive Hans Vestberg, who has focused the company on expanding 5G wireless service.
vimarsana © 2020. All Rights Reserved.