Yahoo announced plans to lay off more than 20% of its ad tech. This comes at a time when advertisers have reduced their marketing budgets due to high inflation and interest rates. Yahoo has been owned by Apollo Global Management since a $5 billion takeover in 2021. Yahoo announced plans to lay off more than … Read more
Leon Black failed to convince a court. Ex-rival Josh Harris conspired with model Guzel Ganieva to spread false charges of sexual abuse against him. Both parties agree that the billionaire paid her millions of dollars over a number of years in exchange for her silence. Leon Black, a wealthy financier, failed to convince a court … Read more
American wireless network operator Verizon has announced that it will sell the business to Apollo Global Management for $5 billion. As per reports, Verizon will get $4.25 billion in cash, preferred interests of $750 million, and retain a 10 percent stake in Verizon Media, as part of the deal terms. CEO of Verizon Communications Hans … Read more
