xda-developers.com xda-developers.com

Verizon sells former Internet giants Yahoo and AOL for $5 billion

Verizon has announced the sale of AOL and Yahoo properties to Apollo Global Management, Inc. in a deal said to be worth $5 billion. Verizon initially acquired these properties for nearly $9 billion, so the sale price is considerably lower. Verizon will maintain a 10% stake in the company, which will be known as Yahoo when the transaction closes. “We are excited to be joining forces with Apollo,” said Guru Gowrappan, CEO of Verizon...

pymnts.com pymnts.com

Verizon Selling Media Business To Apollo For $5 Billion

Verizon said on Monday (May 3) that it is selling off its media business, which includes Yahoo and AOL, to private equity firm Apollo Global Management for $5 billion. The telecom giant will still own 10 percent of Verizon Media, which is simply being called Yahoo!. “The past two quarters of double-digit growth have demonstrated our ability to transform our media ecosystem,” said Guru Gowrappan, CEO, Verizon Media, in a press...

rcrwireless.com rcrwireless.com

The three layers of Verizon’s network-as-a-service offering explained

Verizon exec: ‘The network-as-a-service offering includes connectivity, technology and management layers’ At the end of 2020, Verizon Business announced that it will deploy its Network-as-a-Service (NaaS) offering, an all-encompassing network solution, to more than 9,000 Walgreens and Duane Reade retail locations across the U.S. in what Verizon Business’ CEO Tami Erwin called the “largest, fully customized, NaaS solution on...

startups

The second shot is kicking in

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First and foremost, Equity was nominated for a Webby for “Best Technology Podcast”! Drop everything and go Vote for Equity! We’d appreciate it. A lot. And even if we lose, well, we’ll keep doing our thing and making each other laugh. (Note: We are in last place, which is, well,...