Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=DPQ28WpmuAM Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Verizons $9 Billion Blunder [rhduPdBSqVj] Health Updated on August 09, 2026 EDT — Published on August 09, 2026 EDT In 2017, Verizon acquired Yahoo for $4.48 billion and combined it with AOL to create Oath, aiming to build a major digital advertising competitor to Google and Facebook. Just two years later, Verizon wrote down Oath’s value by $4.6 billion, admitting it had overpaid roughly $1 billion on the combined ~$9 billion deal and became desperate to exit. Private equity giant Apollo Global Management then stepped in, buying the distressed asset at a discount to cut costs, restructure, and eventually profit from it. 8QCrDraq81G qiKc4JR4wM5 iOYnIGfnq45 Vz0Sc8e0eBz G8fhO5RSLtL lctWsgcfJw0 GkZY54Ypxyo uZbGeCUg9rM
In 2017, Verizon acquired Yahoo for $4.48 billion and combined it with AOL to create Oath, aiming to build a major digital advertising competitor to Google and Facebook. Just two years later, Verizon wrote down Oath’s value by $4.6 billion, admitting it had overpaid roughly $1 billion on the combined ~$9 billion deal and became desperate to exit. Private equity giant Apollo Global Management then stepped in, buying the distressed asset at a discount to cut costs, restructure, and eventually profit from it. 8QCrDraq81G qiKc4JR4wM5 iOYnIGfnq45 Vz0Sc8e0eBz G8fhO5RSLtL lctWsgcfJw0 GkZY54Ypxyo uZbGeCUg9rM