Wednesday, May 5, 2021 [Tweets] [Favorites]

Verizon Sells Yahoo and AOL

Edmund Lee and Lauren Hirsch (via Hacker News):

Yahoo and AOL, kings of the early internet, saw their fortunes decline as Silicon Valley raced ahead to create new digital platforms. Google replaced Yahoo. AOL was supplanted by cable giants.

Now they will become the property of private equity. Verizon, their current owner, agreed to sell them to Apollo Global Management in a deal worth $5 billion, the companies announced Monday.

[…]

Yahoo and AOL still generate plenty of revenue. Verizon’s media division recorded $1.9 billion in sales in the first three months of 2021, a 10 percent gain over the prior year.

John Gruber:

In January 2000, AOL acquired Time-Warner for $182 billion to form a mega media company then valued at $350 billion.

Previously:

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