Verizon Sells AOL and Yahoo for $5 Billion

It’s about half the original purchase price

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It’s 2021 and Yahoo and AOL are back in the news. Verizon announced Monday that it is selling its media assets to the private equity firm Apollo Global Management for $5 billion, about half what it bought Yahoo and AOL for, in two separate deals, last decade. 

Top line

The media assets, currently known as Verizon Media (once called Oath Inc.), include Yahoo, AOL, the tech news sites TechCrunch and Engadget, virtual reality studio RYOT, among others.

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