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2021年5月7日—Verizonissellingitsmediabusiness–hometoTechCrunch,Engadget,Yahoo,AOLandVerizon'sadvertisingtechnology–toUSprivateequity ...

Verizon is selling its media business – home to TechCrunch, Engadget, Yahoo, AOL and Verizons advertising technology – to US private equity group Apollo Global Management in a $5bn deal.

The deal is still subject to closing conditions and is expected to be completed in the second half of 2021. After the sale, Verizon Media will operate as Yahoo, leveraging the heritage that brand has in the market. Verizon will continue to own a 10% stake in the business and the current CEO Guru Gowrappan will continue to lead it.

Although Verizon is retaining a stake, the sale signifies a formal retreat away from media and advertising for the telecoms giant as it focuses on its core network businesses and rolling out 5G wireless technology. Its 5G internet services covered 230 million people in more than 2,700 cities across the US as of December last year.

Verizon had hoped to create a content and marketing platform that wou...