Verizon sells AOL and Yahoo for about half of what it paid

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Verizon has sold its AOL and Yahoo properties to Apollo Global Management in a deal said to be worth $5 billion, about half of the nearly $9 billion Verizon originally paid for the two properties. Verizon will maintain a 10 percent stake in the company, now known as Yahoo. The deal, heavily rumored over the last week and subject to…
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