Verizon is selling its digital media businesses, Yahoo and AOL, to Apollo Global Management for $5 billion, a roughly 40% discount for when it acquired the two companies between 2015 and 2017. The sale ends Verizon’s short-lived effort to build a digital ad business, which began with the 2015 purchase of AOL. That brought digital ad veteran Tim Armstrong into Verizon, leading to the 2017...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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