“AOL and Yahoo still exist?” “Private equity firm Apollo agrees to buy two relics of the internet’s early days for $ 5 billion – RT Business News

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“AOL and Yahoo still exist?” “Private equity firm Apollo agrees to buy two relics of the internet’s early days for $ 5 billion – RT Business News


    Apollo Global Management, la société de capital-investissement cofondée par le magnat en disgrâce de Wall Street, Leon Black, a accepté d'acheter deux des plus grands noms des sociétés Internet grand public - Yahoo et AOL - pour 5 milliards de dollars.

</p><div><p>L'accord d'achat de l'unité média de Verizon, y compris Yahoo et AOL, a rapidement été tourné en dérision après son annonce lundi. <em>"Ce sont des nouvelles intéressantes,"</em> a déclaré l'animateur de podcast Mark Eastman. <em>«De plus, ils déchargent des roches pour animaux de compagnie et un fabricant de boule disco.»</em></p><div class="rtcode"><blockquote class="twitter-tweet lazyload" data-twitter="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">Ce sont des nouvelles intéressantes.  En outre, ils déchargent des roches pour animaux de compagnie et un fabricant de boule disco</p>- areyouscreening (@areyouscreening) <a href="https://twitter.com/areyouscreening/status/1388979619915763719?ref_src=twsrc%5Etfw">2 mai 2021</a></blockquote></div><div class="rtcode"><blockquote class="twitter-tweet lazyload" data-twitter="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">AOL et Yahoo existent toujours?  Et quelqu'un a payé 5 milliards de dollars pour eux?</p>- syd (@ SydneyCarton1) <a href="https://twitter.com/SydneyCarton1/status/1389191374076063749?ref_src=twsrc%5Etfw">3 mai 2021</a></blockquote></div><p>En effet, Yahoo et AOL ont chuté depuis longtemps depuis qu'ils sont des acteurs omniprésents lorsque Internet s'est développé en tant que gigantesque marché de consommation et place publique dans les années 1990 et au début des années 2000.  Les entreprises avaient des valeurs de marché cumulées dépassant 300 milliards de dollars au tournant du millénaire, avant d'être dépassées par les géants de la Big Tech d'aujourd'hui.

Stephen Shankland, editor of CNET News, pointed out that the current purchase price for all of Verizon’s media business is roughly equivalent to the difference between what Microsoft was willing to pay in negotiations to buy. Yahoo for nearly $ 45 billion and the price demanded by Yahoo management.

Yahoo and AOL had long passed their highs when Verizon bought them for a total of $ 9 billion in 2015 and 2016, respectively. Traffic has eroded further since then. For example, Yahoo lost 34% of its audience between 2017 and 2019, and the suspension of its popular comments section on news articles last year may have resulted in more losses.

Verizon will receive $ 4.25 billion in cash for Yahoo, AOL and its other media assets. He will retain a 10%, $ 750 million stake in the company, which will be renamed simply Yahoo, Apollo said. Yahoo’s Guru Gowrappan will remain Managing Director.


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Private equity firms typically split up acquired businesses and cut costs, at least in part through job cuts, to make them profitable before selling them – sometimes in chunks – for big profits. But Gowrappan said the Apollo takeover, which is expected to close in the second half of this year, will help Yahoo accelerate its growth.

“We strongly believe in Yahoo’s growth prospects and the macroeconomic trends that are driving the growth of digital media, advertising technology and consumer Internet platforms.” said David Sambur, a senior partner at Apollo.

Social media users were largely unconvinced. “Apollo strikes here while the iron is cold and the blacksmith is in bed,” a Twitter commentator said.

Apollo was co-founded by Leon Black, who stepped down as CEO in March, although he retained a 23% stake in the company. It emerged earlier this year that Black paid late financier and pedophile Jeffrey Epstein $ 158 million, allegedly for financial advice.


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It’s unclear what advice the 69-year-old Black, a veteran Wall Street trader, might have needed from Epstein. Black’s fortune is estimated by Forbes at over $ 9 billion. Apollo’s other co-founders, billionaires Mark Rowan and Joshua Harris, remain with the company.

“Yahoo and AOL are going to be bought up by Epstein’s wealthy friends,” artist Kay Zed said on Twitter. ” Awesome. “

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