Apollo (NYSE: APO) is a private-equity firm headquartered in New York, New York, United States that owns 6 consumer brands, and has 1 recorded transaction.[1]
Apollo Global Management is one of the largest private equity firms in the world, founded in 1990 by former Drexel Burnham bankers. It bought ninety per cent of Yahoo from Verizon in 2021, which means the websites that defined the early consumer internet are now owned by a buyout fund rather than a technology company.
Funds managed by Apollo Global Management acquired ninety per cent of Verizon Media, comprising Yahoo and AOL and their properties, in a deal valued at about $5 billion. Verizon retained the remaining ten per cent.