Verizon Sells AOL and Yahoo for $5 Billion

It’s about half the original purchase price

The new media company will take on Yahoo name.

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. 

@ScottNover Scott Nover is a platforms reporter at Adweek, covering social media companies and their influence.