Apollo funds complete acquisition of yahoo

New york, sept. 01, 2021 (globe newswire) -- apollo global management, inc. (nyse: apo) (together with its consolidated subsidiaries, “apollo”) today announced that funds managed by its affiliates (the “apollo funds”) have completed the acquisition of yahoo - formerly verizon media - one of the world's premier global technology and media companies. with the close of the transaction, yahoo will now operate as a standalone company under apollo funds. verizon has retained a 10% stake in yahoo.
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