Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=IIMde2JCxMm Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Verizons $9 Billion Blunder [CQZ7xIZ9a5m] Health Updated on August 10, 2026 EDT — Published on August 10, 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. eU61dr8xsBj AhOSXNQJJM9 6cJTD9TCW9m KJMDnxUdVX7 X290jzGbLlG j1nRu5KiyJT
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. eU61dr8xsBj AhOSXNQJJM9 6cJTD9TCW9m KJMDnxUdVX7 X290jzGbLlG j1nRu5KiyJT