Yahoo and AOL fall to non-public fairness as Verizon exits media enterprise | Boing Boing

Yahoo and AOL fall to private equity as Verizon exits media business | Boing Boing

Verizon is giving up its assortment of media properties.

NY Post:

“We’re massive believers within the progress prospects of Yahoo and the macro tailwinds driving progress in digital media, promoting know-how and client web platforms,” David Sambur, co-head of personal fairness at Apollo, mentioned in an announcement. “Apollo has a protracted observe file of investing in know-how and media corporations and we stay up for drawing on that have to assist Yahoo proceed to thrive.”

The deal is Verizon’s newest step towards exiting the media market. Verizon bought HuffPost to BuzzFeed final yr and it additionally lately bought off or shut down different properties together with Tumblr and Yahoo Solutions.

Because it exits media, Verizon is predicted to concentrate on its core wi-fi networks enterprise and different web supplier companies.

I like to recommend AOL return to the free CDs.

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