Apollo set to acquire Verizon’s media firms Yahoo and AOL in $5billion deal

Verizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Despite spending more than a decade and billions of dollars building a stable of internet brands, the New York-based telecom company has struggled… Read More Apollo set to acquire Verizon’s media firms Yahoo and AOL in $5billion deal

U.S. asset firm Apollo acquires French retailer Casino in over $500million deal

French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros (an equivalent of $529.03 million). Casino said the proposed transaction was to take place by the end of July,… Read More U.S. asset firm Apollo acquires French retailer Casino in over $500million deal