Verizon Agrees to Sell Yahoo, AOL to Apollo for $5 Billion ...Middle East

The Wall Street Journal - Technology
Verizon Agrees to Sell Yahoo, AOL to Apollo for $5 Billion
The wireless company, which is exiting its ill-fated foray into the media business, would keep a 10% stake in a new company, called Yahoo, that will be formed to operate the business.

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