Yahoo and AOL change hands again.
Verizon, which bought AOL in 2015 and Yahoo in 2017, is now sale sold it to private equity firm Apollo Global Management for $ 5 billion.
Verizon merged AOL and Yahoo in 2017 to form a subsidiary called Oath and eventually renamed it Verizon Media. The new company, in which Verizon will keep a 10 percent stake, will be renamed “Yahoo”.
Verizon originally acquired AOL for $ 4.4 billion and Yahoo for $ 4.5 billion.