Verizon sells AOL, Yahoo, & media brands to private equity firm for $5 billion

By news@appleinsider.com (Will Shanklin) Verizon has given up on its attempt to transform ’90s internet giants Yahoo and AOL into a content and advertising behemoth, as it has agreed to sell the brands to private equity firm Apollo Global Management for $5 billion.Verizon has agreed to sell AOL and Yahoo for $5 billionSix years after it bought AOL and five after it took over Yahoo, Verizon Communications has sold off both, …

Source:: Apple Insider