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Apollo Considers $1.5B Sale of AOL Amid Shift Strategy

9/18/2025

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Summary

Story summary

Apollo Global Management is exploring the sale of AOL, with unsolicited bids valuing the company at $1.5 billion.
Preliminary talks may not result in a sale; Apollo acquired AOL in 2021 for $5 billion from Verizon.
AOL generates about $400 million annually in EBITDA, attracting potential buyers despite its reduced market presence.
The company plans to end its dial-up internet service by September 2025.
This sale reflects Apollo's strategy to shift capital from legacy assets to new ventures.

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Story summary

Apollo Global Management is exploring the sale of AOL, with unsolicited bids valuing the company at $1.5 billion.
Preliminary talks may not result in a sale; Apollo acquired AOL in 2021 for $5 billion from Verizon.
AOL generates about $400 million annually in EBITDA, attracting potential buyers despite its reduced market presence.
The company plans to end its dial-up internet service by September 2025.
This sale reflects Apollo's strategy to shift capital from legacy assets to new ventures.