Verizon Sells 90% of Media Unit to Apollo in $5 Billion Deal

Verizon is selling its media assets, including AOL and Yahoo, to Apollo Group for $5 billion, a move that reflects a strategic shift towards focusing on its 5G infrastructure. This decision comes after Verizon's previous investments in these media assets did not yield the expected competitive advantage against tech giants like Google and Facebook. The company is now heavily investing in 5G technology, spending $45 billion at a recent U.S. government auction for wireless frequencies, and is borrowing to finance this shift. This strategic pivot aims to streamline Verizon's business and concentrate on its core wireless services.

What was the total amount Verizon originally paid for AOL and Yahoo?

• $5 billion

• $4 billion

• $45 billion

• $9 billion

Why did Verizon decide to sell its media assets?

• To focus on its media business

• To compete with Google and Facebook

• To concentrate on its 5G infrastructure

• To expand its blogging site Tumblr

What is the primary focus of Verizon's business strategy now?

• Expanding its media assets

• Developing 5G technology

• Acquiring more companies

• Reducing its long-term debt

How much did Verizon commit to spending at the latest U.S. government auction for wireless frequencies?

• $9 billion

• $4 billion

• $5 billion

• $45 billion

What financial impact did Verizon's investment in 5G have?

• No change in financial status

• Increased long-term debt

• Reduced spending on infrastructure

• Decreased long-term debt