All internet publications such as AOL and Engadget, especially Yahoo, operating under the Verizon Media group were sold to a group working on accommodation called Apollo.
Yahoo, which gained great popularity in the early stages of the Internet and enjoyed leadership, unfortunately began to circulate from hand to hand when it could not resist the competition. Finally, Yahoo, which was owned by Verizon operator, was sold again.
The owner has changed
Verizon, one of the largest operators in the USA, has its own media group and included Yahoo in this group for $ 4.5 billion. In 2015, it bought the AOL group for $ 4.4 billion. So he created a popular ecosystem like Engadget and TechCrunch.
This week, Verizon announced it is divesting its entire media group to focus more on core operations. It is stated that Verizon Media, which was acquired by the accommodation group called Apollo Global Management, was valued at $ 5 billion. Verizon will have a 10 percent share.
Verizon thus incurred a loss of $ 5 billion. When Yahoo failed to perform as expected, it also dropped its value. Already in the first week of its purchase by Verizon, it leaked the information of 1 billion people and caused a great scandal.
From now on, it is a matter of curiosity how Yahoo will perform. Categories such as mail, finance, sports, entertainment have a certain audience, but they are not enough for competition. The Apollo group is hoping to start a new breakthrough.