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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing Crypto Enterprise
Salesforce’s Pretend Co-CEO Arrangement
Marc Benioff has redefined the term co-CEO. As The Information reported earlier today, Bret Taylor, newly named co-CEO of Salesforce, will continue reporting to Benioff, his fellow co-CEO. So instead of the term meaning two leaders on equal terms, it now just means two people who work with each other in a boss-subordinate relationship. At this rate, Salesforce could give the co-CEO label to its...
Grab to Launch Biggest Debut of Southeast Asian Company on Nasdaq
India’s Ride-Hailing App Ola Plans IPO in First Half of 2022
Apple Warns Suppliers of Slowing Demand for iPhones
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Sequoia Capital’s Crypto Frenzy Intensifies With Three New Deals
Exclusive Crypto Venture Capital
‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time.