Apollo acquired Yahoo in 2021 for 4.25 billion USD in cash? Why?

Price

APO — The current stock price of Apollo Global Management (APO) as of January 9, 2024, is $95.66. This price is subject to market fluctuations, so it’s recommended to check a live financial news source for the most up-to-date information. oai_citation:1,Error

Yahoo is currently owned by Apollo Global Management, a private equity firm. Apollo acquired Yahoo in September 2021. Prior to this acquisition, Yahoo was a part of Verizon Communications. The deal with Apollo included a $4.25 billion cash payment and a preferred interest of $750 million oai_citation:1,Error.

Who’s apollo owned by

Apollo Global Management is a publicly traded company, so it is owned by its shareholders. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol APO. The ownership of Apollo is divided among various institutional investors, private investors, and its own executives and employees. The largest shareholders typically include a mix of mutual funds, pension funds, and other institutional investors. As with most public companies, the exact distribution of ownership can vary over time based on stock trading and investment shifts.