Verizon Communications Inc

NYSE:VZ  
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Debt Financing / Related, Divestitures / Spin-offs, Mergers / Acquisitions

Verizon Media To Be Acquired By Apollo Funds

Published: 05/03/2021 12:50 GMT
Verizon Communications Inc (VZ) - Verizon Media to Be Acquired by Apollo Funds.
Verizon Media to Be Acquired by Apollo Funds.
Verizon - Verizon to Maintain Minority Stake in New Company to Be Known As Yahoo.
Verizon - Deal for $5 Billion.
Verizon - Verizon Will Retain a 10% Stake in Company, Which Will Be Known As Yahoo at Close of Transaction.
Verizon - Verizon Will Receive $4.25 Billion in Cash.
Verizon - Verizon Will Receive Preferred Interests of $750 Million and Retain a 10% Stake in Verizon Media.
Verizon - Transaction Includes Assets of Verizon Media, Including Its Brands and Businesses.