Verizon Communications is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world.
Part of the money, $42.5 million, will go to the Entrepreneurs of Color fund, which provides funds to community development financial institutions (CDFIs) for low-interest loans.
February 25, 2021
LG had argued that the spinoff would let it focus on existing core businesses such as electronics, chemicals, and telecommunications services.
March 13, 2021
The deal consideration would be made through $300 million in cash and the issuance of 61 million IG shares, the company said on Thursday.
January 21, 2021