Tech & Science Verizon share predominantly friendly: Verizon sells Yahoo and AOL at Apollo
“Dying by blood or by hunger”: The war in Ethiopia’s Tigray region, explained
A humanitarian and political crisis, with no clear resolution.The brothers were Kahsay and Tesfay, who both cared for young children and elderly parents in a small village in the northeastern corner of Ethiopia’s Tigray region, in an area home to the Irob, a small ethnic minority.
The telecom group Verizon Communications Inc sells the largest part of its Internet media business, which also includes Yahoo and AOL, to the investment company APOLLO Global Management Inc.
The transaction closes the chapter of an expensive bet on digital media largely off.announced on Monday that the fund managed by the Private Equity Company will acquire the company's Verizon Media-asserta in a business with a value of $ 5 billion.
The Wall Street Journal had reported last week that Verizon reviews a sale and that Apollo is globally involved in this process. Apollo will pay $ 4.25 billion in cash for the unity and provide Verizon $ 750 million in the form of preference shares.
Teens targeted by inappropriate ads online
A report by a big tech watchdog says it's found a loophole that allows teens' data on Facebook to be targeted by age-inappropriate advertisements.While underage Facebook users can't be served alcohol, cigarette or gambling ads specifically, a report by Reset Australia has identified a loophole that allows underage profiles to be targeted based on these interests.
In addition, Verizon will retain a 10 percent share of the company, which is called after completing the transaction Yahoo.
"The partnership of the company will enable Verizon Media to pursue growth areas aggressively and will benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide," says Verizon and Apollo in a statement.
Verizon had acquired AOL in 2015 and Yahoo in 2017 for a total of more than $ 9 billion and wanted to revive brands that had lost ground over the years, but still had hundreds of millions of users.
In 2017, the mobile service provider reorganized the business units under the former AOL boss Tim Armstrong as "Oath" division, with the aim in competing to compete for digital advertising with large corporations likeand .
Verizon had written around $ 4.5 billion on the digital media business in 2018. The company stroked in the unit and tried to find buyers for other parts of the unit. So the company approved in November to sell the news page Huffpost to Buzzfeed.
In predatory trading at the NYSE, the Verizon share temporarily recorded 0.4 percent in the plus at $ 58.02.
DJG / DJN / JHE / SHA New York (Dow Jones)
Boss of investment giant revealed as centre of Sydney Covid outbreak .
A Sydneysider who was dubbed 'BBQ Man' for going on a shopping spree before being diagnosed with Covid has been revealed as Apollo Global Management managing director Tom Pizzey.Apollo Global Management managing director Tom Pizzey travelled across Sydney last weekend, visiting four separate BBQ stores over the space of a few hours.