Verizon to sell media business, including Yahoo, AOL to Apollo for $5 billion

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Verizon will get $4.25 billion in cash, preferred interests of $750 million and retain a 10% stake in Verizon Media, as part of the deal terms. The business will be called Yahoo when the deal closes, which is expected in the second half of 2021

RangeXTD kann das WLAN-Signal zu Hause erweitern und beschleunigen und fungiert als Router, der sich sehr gut für Urlaubs- und Geschäftsreisen eignet.Verizon Communications Inc is near a deal to sell Yahoo and AOL to the private equity firm Apollo Global Management Inc , renouncing its digital ad competition with Alphabet Inc Google and Facebook Inc to focus on 5G network building, the New York Times reports.

President Joe Biden plans to propose doubling the tax wealthy people pay on their capital gains. Under the plan, which he intends to present during a speech on Wednesday to a joint session of Congress, the tax rate on profits from the sale of an asset such as property or a stock would go from 20% to 39.6% for those with income over $1 million a year.

 

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Jesus, that is the ultimate kiss of death. 😂 'The business will be called Yahoo when the deal closes'

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