Verizon to Sell Yahoo, AOL Business to Apollo for $5 Billion

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Posted on Mon May 3 2021 | 6:21 pm

As per the deal terms, Verizon will get $4.25 billion (roughly Rs. 31,390 crores) in cash, preferred interests of $750 million (roughly Rs. 5,540 crores), and retain a 10 percent stake in Verizon Media.

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