Apollo Global Management Pays $5B for Verizon Media
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.
May 5, 2021
Apollo Global Management | Barclays | BMO Capital Markets | David Sambur | Deutsche Bank | Freshfields Bruckhaus Deringer | Goldman Sachs | Guru Gowrappan | Hans Vestberg | Kirkland & Ellis | LionTree | Mizuho Securities USA | Paul Weiss Rifkind Wharton & Garrison | RBC Capital Markets | Reed Rayman | Verizon
Ian Koplin