Tag Archives: Apollo

Apollo, a private equity group, to purchase Verizon Media properties for $5 billion

Verizontoday reported that it has reached an agreement to sell its media properties to private equity company Apollo Global Management for $5 billion, after several days of negotiations and speculation. Apollo will pay Verizon $4.25 billion in cash, plus $750 million in preferred interests, and Verizon will hold 10% of the company. When the deal […]