Apollo Global Management completed the acquisition of Verizon Media, a firm comprised of iconic brands such as Yahoo and AOL, from Verizon, an American wireless network operator, for $5bn. "We are thrilled to help unlock the tremendous potential of Yahoo and its unparalleled collection of brands. We have enormous respect and admiration for the great work and progress that the entire organization has made over the last several years, and we look forward to working with Guru, his talented team, and our partners at Verizon to accelerate Yahoo’s growth in its next chapter," Reed Rayman, Apollo Private Equity Partner.