During the strategic review process, Apollo delivered the strongest vision and strategy for the next phase of Verizon Media. I have full confidence that Yahoo will take off in its new home. And the Oath name was short lived, with Verizon adopting a far more straightforward name, Verizon Media , in January Further moves happened in increments.
Then late last year, as the media world suffered from lack of ad revenue amid the COVID pandemic, Verizon sold off HuffPost to Buzzfeed , coupled with an equity investment into the digital media company and an advertising and syndication deal. And there have been various layoffs to trim the wider media operation.
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We pursue excellence through the tenacity, passion, and integrity of our people. We create value and find uncommon investment opportunities through continual learning, contrarian thinking, and rigorous debate. We seek diverse perspectives, foster belonging for all of our employees, and commit to making progress every day. Unlike his colleagues, there's considerably less controversy surrounding his name.
Rowan also serves on the board of other companies but is best known for his work with Apollo. Yahoo and AOL, once considered giants of the internet, have quickly fallen out of favor with companies and consumers alike. It's unclear what exactly Apollo plans for the two businesses, but their sale has certainly attracted a lot of attention.
The news has got plenty of people talking online, particularly about how this is Yahoo's newest home as the company struggles to stay relevant in a drastically changing media landscape. Could have been a lot worse and has been! This was at the school computer lab when I was 9. Everyone talking like this is some terrible disaster.
Yahoo was the very first website I visited on my own. Turn on web notifications for latest news Notifications can be turned off anytime from browser settings. Copy to Clipboard.
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