Why Verizon sold AOL and Yahoo for about 1% of their peak valuation
By Poppy in Business
Updated 3 years ago
The upcoming sale of Yahoo and AOL to a private equity firm for $5 billion represents a massive media markdown. By the numbers: At their dotcom bubble peaks, Yahoo and AOL were valued at more than $125 billion and $200 billion, respectively, or $193 billion and $318 billion in 2021 dollars.