All internet broadcasts, such as AOL and Engadget, were sold to a group working on accommodation called Apollo, especially Yahoo, which operates under the Verizon Media group.
Yahoo, which enjoyed huge popularity and leadership early on, unfortunately, began to circulate when it could not resist the competition. Finally, Yahoo, which is in the hands of the Verizon operator, was sold again.
Verizon, one of the largest U.S. operators, owns its own media group and has included Yahoo in it for $4.5 billion. In 2015, it acquired the AOL group for $4.4 billion. Thus, it created a popular ecosystem such as Engadget and TechCrunch.
This week, Verizon announced it was disposing of the entire media group to focus more on core operations. Verizon Media, which was acquired by an accommodation group called Apollo Global Management, is valued at $5 billion. Verizon will have a 10 percent stake.
Verizon lost as much as $5 billion. Yahoo also downgraded its value when it failed to perform as expected. It had already been embroiled in a major scandal by leaking the information of 1 billion people in its first week of acquisition by Verizon.
From now on, it’s a question of how Yahoo will perform. Mail has a certain audience in categories such as finance, sports, entertainment, but it is not enough to compete. The Apollo group hopes to start a new exit.