Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the two companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo. Verizon will keep a 10% stake in the company and it will be rebranded to just “Yahoo.” CNBC's Andrew Ross Sorkin reports.
- Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
- Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors