Verizon sells Yahoo and AOL businesses to Apollo for $5 billion

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CNBC Television published this video item, entitled “Verizon sells Yahoo and AOL businesses to Apollo for $5 billion” – below is their description.

Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the two companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10% stake in the company and it will be rebranded to just “Yahoo.” CNBC’s Andrew Ross Sorkin reports.

CNBC Television YouTube Channel

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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