Verizon To Sell Yahoo & AOL For $5 Billion After Buying Each For ~$5 Billion

In 2015 Verizon bought AOL for about $4.4 billion while AOL was under Tim Armstrong's leadership. Then in 2016, Verizon bought Yahoo for about $4.83 billion while Yahoo was under Marissa Mayer's leadership. Now, in 2021, Verizon is selling 90% of both companies to a private equity firm for a total of $5 billion.

from Search Engine Roundtable https://ift.tt/3ugVVuc