ENTREPRENEUR - May 4 - Verizon will sell its stake in Yahoo and AOL for $5B. The new conglomerate formed by AOL and Yahoo will be owned by private equity firm Apollo Global Management and known simply as Yahoo. Verizon will maintain a 10% stake in the business. Verizon bought AOL in May 2015 for $4.4B, and Yahoo in Jul 2016 for $4.83B.
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