Private equity giant Apollo has tapped seasoned media executive Jim Lanzone, who most recently headed up dating app Tinder, to run Yahoo, according to The Wall Street Journal. The move to hire Lanzone, who headed up CBS’s digital business for many years, is a sign that the company recognizes the need for someone with media experience to run Yahoo. Apollo recently bought Yahoo from Verizon,...
Apollo Taps Former Tinder CEO To Run Yahoo
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The Coming Wave of Cram Downs

What do Good Eggs, a startup that delivers $4.99 broccoli bunches, and Tonal, a fitness startup that sells $3,995 exercise equipment, have in common—other than a business model subsidized by venture capital? They’re both engaged in a painful type of financing known as a “cram down.” If you grew up in the era of easy money, ultralow interest rates and 100 times multiples, it’s possible you’...
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