Verizon Sells AOL and Yahoo to Apollo for $5B
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Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#2Why would Verizon want to keep a minority stake in Yahoo? Seems useless to me.
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#3Why would Verizon want to keep a minority stake in Yahoo? Seems useless to me.
Yahoo has large and growing customers (example: DuckDuckGo)
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#4[deleted]
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#5I worked at HuffPo right after AOL was acquired by Verizon and before AOL/Yahoo became Oath. During this time Arianna left; rumor was she was forced out or at the very least, her power was undermined/neutered by Verizon and she was unable to fulfill her vision.
Shortly after was the 2016 election. It was very surreal to be working there, while everyone on the editorial staff was sure HRC was going to win and then Trump won, without the namesake leader at the helm.
As time dragged on, it started to become obvious that Verizon was starting to extract as much value out of the acquired AOL web properties at the expense of quality/brand integrity. Then came subsequent layoffs and now HuffPo really is a shell of it's former self.
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#6I worked at HuffPo right after AOL was acquired by Verizon and before AOL/Yahoo became Oath. During this time Arianna left; rumor was she was forced out or at the very least, her power was undermined/neutered by Verizon and she was unable to fulfill her vision.
Shortly after was the 2016 election. It was very surreal to be working there, while everyone on the editorial staff was sure HRC was going to win and then Trump won, without the namesake leader at the helm.
As time dragged on, it started to become obvious that Verizon was starting to extract as much value out of the acquired AOL web properties at the expense of quality/brand integrity. Then came subsequent layoffs and now HuffPo really is a shell of it's former self.
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#7Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#8"My name is AOL Time Warner, king of kings. Look upon my works, ye mighty, and despair." Nothing beside remains.
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#9From the article:
…“it agreed to sell Yahoo and AOL to the private equity firm Apollo Global Management for $5 billion.”
They apparently paid $4.4 billion for AOL, and Yahoo they got for $4.48 billion.
I have to say: only losing $5 billion while handling the decaying corpses of AOL and Yahoo is, weirdly, kind of a triumph. These are cursed properties, and bring only despair.
Though I’m surprised they didn’t try to keep ahold of the sports bits of Yahoo, which are seemingly popular. (Perhaps that’s why they even managed to get $5 billion for…what does AOL do?)
Re: Verizon Sells AOL and Yahoo to Apollo for $5B
#10From the article: …“it agreed to sell Yahoo and AOL to the private equity firm Apollo Global Management for $5 billion.” They apparently paid $4.4 billion for AOL, and Yahoo they got for $4.48 billion. I have to say: only losing $5 billion while handling the decaying corpses of AOL and Yahoo is, weirdly, kind of a triumph. These are cursed properties, and bring only despair. Though I’m surprised they didn’t try to ke…
AOL has adtech advertisers setup with some large customer base probably 3rd or 4th to Google/Facebook. It also owns publishers like HuffPost, TechCrunch etc.