Asset Sales https://www.benzinga.com/views/taxonomy/term/34992 en Verizon Sells Digital Media Assets, Including AOL And Yahoo, For $5B https://www.benzinga.com/m-a/21/05/20923080/verizon-sells-digital-media-assets-including-aol-and-yahoo-for-5b <p><strong>Verizon Communications Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) confirmed Monday it has sold its Verizon Media assets, including the AOL and Yahoo platforms, to <strong>Apollo Global Management, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) for $5 billion.</p> <p><strong>What Happened:&nbsp;</strong>Verizon will retain a 10% stake in the company and CEO Guru Gowrappan will retain the leadership role. Verizon Media will be renamed Yahoo by its new owner.</p> <p>&ldquo;We are thrilled to help unlock the tremendous potential of Yahoo and its ...</p><p><a href=https://www.benzinga.com/m-a/21/05/20923080/verizon-sells-digital-media-assets-including-aol-and-yahoo-for-5b alt=Verizon Sells Digital Media Assets, Including AOL And Yahoo, For $5B>Full story available on Benzinga.com</a></p> AOL APO DIS M&A News VZ Yahoo Asset Sales Media APO US0376123065 DIS US2546871060 VZ US92343V1044 News M&A Asset Sales Media Benzinga Mon, 03 May 2021 19:41:58 +0000 Phil Hall 20923080 at https://www.benzinga.com Verizon To Divest Media Assets Including Yahoo, AOL To Focus On 5G https://www.benzinga.com/news/21/05/20909565/verizon-to-divest-media-assets-including-yahoo-aol-to-focus-on-5g <ul> <li><strong>Verizon Communications Inc</strong>&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/vz#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">VZ</a>) is near a deal to sell Yahoo and AOL to the private equity firm&nbsp;<strong>Apollo Global Management Inc</strong>&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/apo#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">APO</a>), renouncing its digital ad competition with&nbsp;<strong>Alphabet Inc</strong>&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>) Google and&nbsp;<strong>Facebook Inc</strong>&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/fb#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FB</a>) to focus on 5G network building, the&nbsp;<a class="editor-rtfLink" href="https://www.nytimes.com/2021/05/02/business/verizon-yahoo-aol-sale.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">New York Times reports</a>.</li> <li>The upcoming deal is estimated to value the brands between $4 billion and $5 billion, including Verizon&rsquo;s advertising technology business.</li> <li>Verizon&nbsp;<a ...</li></ul><p><a href=https://www.benzinga.com/news/21/05/20909565/verizon-to-divest-media-assets-including-yahoo-aol-to-focus-on-5g alt=Verizon To Divest Media Assets Including Yahoo, AOL To Focus On 5G>Full story available on Benzinga.com</a></p> 5G APO Briefs DIS Divestitures FB GOOG GOOGL News Spin-Offs T VZ Asset Sales Tech Media APO US0376123065 GOOG US38259P7069 DIS US2546871060 T US00206R1023 VZ US92343V1044 FB GOOGL US38259P5089 News Asset Sales Tech Media Benzinga Mon, 03 May 2021 10:29:42 +0000 Anusuya Lahiri 20909565 at https://www.benzinga.com Why Is Naked Brand Group's Stock Trading Higher Today? https://www.benzinga.com/news/21/04/20890985/why-is-naked-brand-groups-stock-trading-higher-today <p><strong>Naked Brand Group Ltd</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nakd#NASDAQ">NAKD</a>) is moving higher Friday morning after the company announced&nbsp;final results from its &quot;extraordinary general meeting.&quot;</p> <p><strong>What Happened:</strong> Naked&nbsp;held a meeting of its shareholders on April&nbsp;23 to vote on the&nbsp;divestiture of its Bendon brick-and-mortar operations. The company announced&nbsp;the final vote was for the proposal, allowing the company to sign&nbsp;the definitive agreement for the divestiture and simultaneously close&nbsp;the transaction on Friday.</p> <p>The company said the divestiture&nbsp;will transform Naked ...</p><p><a href=https://www.benzinga.com/news/21/04/20890985/why-is-naked-brand-groups-stock-trading-higher-today alt=Why Is Naked Brand Group&#039;s Stock Trading Higher Today?>Full story available on Benzinga.com</a></p> GME Justin Davis-Rice NAKD News Penny Stocks wallstreetbets why it's moving Asset Sales Small Cap Movers Trading Ideas GME US36467W1099 NAKD News Penny Stocks Asset Sales Small Cap Movers Trading Ideas Benzinga Fri, 30 Apr 2021 14:59:31 +0000 Adam Eckert 20890985 at https://www.benzinga.com Nestlé Acquires Bountiful Company's Vitamin Brands From KKR In $5.75B Deal https://www.benzinga.com/m-a/21/04/20886927/nestl-acquires-bountiful-companys-vitamin-brands-from-kkr-in-5-75b-deal <p><strong>Nestl&eacute;</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsrgy#OTC">NSRGY</a>) is acquiring the core vitamin and supplement brands of The Bountiful Company from <strong>KKR &amp; Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kkr#NYSE">KKR</a>) for $5.75 billion.</p> <p><strong>What Happened:</strong> The transaction encompasses the brands Nature&#39;s Bounty, Solgar, Osteo Bi-Flex and Puritan&rsquo;s Pride along with the company&rsquo;s U.S.-based private label business. These brands will be integrated under the Nestl&eacute; Health Science ...</p><p><a href=https://www.benzinga.com/m-a/21/04/20886927/nestl-acquires-bountiful-companys-vitamin-brands-from-kkr-in-5-75b-deal alt=Nestlé Acquires Bountiful Company&#039;s Vitamin Brands From KKR In $5.75B Deal>Full story available on Benzinga.com</a></p> KKR M&A News NSRGY supplements The Bountiful Company Vitamins Asset Sales KKR US48248M1027 NSRGY US6410694060 News M&A Asset Sales Benzinga Fri, 30 Apr 2021 12:40:30 +0000 Phil Hall 20886927 at https://www.benzinga.com Bausch Health Exploring Potential Divestiture Of Eye Care Units: Bloomberg https://www.benzinga.com/general/biotech/21/04/20868501/bausch-health-exploring-potential-divestiture-of-eye-care-units-bloomberg <ul> <li><strong>Bausch Health Companies Inc</strong>&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/bhc#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BHC</a>) said in August that it would spin off its eye-care unit and operate it as an independent, publicly traded company. As a standalone company, Bausch + Lomb could be valued at $20 billion to $30 billion,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-04-28/bausch-health-is-said-to-explore-potential-sale-of-eye-care-unit?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">according to Bloomberg Intelligence</a>.</li> <li>The business has attracted interest from private ...</li></ul><p><a href=https://www.benzinga.com/general/biotech/21/04/20868501/bausch-health-exploring-potential-divestiture-of-eye-care-units-bloomberg alt=Bausch Health Exploring Potential Divestiture Of Eye Care Units: Bloomberg>Full story available on Benzinga.com</a></p> BHC Biotech Bloomberg Briefs Divestitures M&A News Spin-Offs Health Care Asset Sales General BHC News M&A Biotech Health Care Asset Sales General Benzinga Thu, 29 Apr 2021 16:36:03 +0000 Vandana Singh 20868501 at https://www.benzinga.com Verizon Looks To Sell AOL And Yahoo Assets: Report https://www.benzinga.com/news/21/04/20863649/verizon-looks-to-sell-aol-and-yahoo-assets-report <p><strong>Verizon Communications Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) is reportedly seeking to sell its&nbsp;digital media assets including the AOL and Yahoo platforms.</p> <p><strong>What Happened:</strong>&nbsp;The New York City-headquartered company is engaged in a sales process involving the private equity firm <strong>Apollo Global Management Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apo#NYSE">APO</a>) in a deal that could be worth $4 billion to $5 billion, according to a <a href="https://www.wsj.com/articles/verizon-explores-sale-of-media-assets-11619642003">Wall Street Journal</a> report citing unnamed &quot;people familiar with the matter.&quot;</p> <p>Verizon acquired AOL in 2015 and Yahoo ...</p><p><a href=https://www.benzinga.com/news/21/04/20863649/verizon-looks-to-sell-aol-and-yahoo-assets-report alt=Verizon Looks To Sell AOL And Yahoo Assets: Report>Full story available on Benzinga.com</a></p> 5G AOL APO digital media DIS News streaming services VZ Wall Street Journal Yahoo Asset Sales Media APO US0376123065 DIS US2546871060 VZ US92343V1044 News Asset Sales Media Benzinga Thu, 29 Apr 2021 13:45:46 +0000 Phil Hall 20863649 at https://www.benzinga.com Acreage Finalizes Sale Of Florida Operations To Red White & Bloom https://www.benzinga.com/markets/cannabis/21/04/20836980/acreage-finalizes-sale-of-florida-operations-to-red-white-bloom <p>Vertically integrated cannabis company <strong>Acreage Holdings, Inc.</strong> (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/acrgf#OTC">ACRGF</a>) has sold its Florida operations to<strong> Red White &amp; Bloom Brands, Inc.</strong> (CSE:RWB) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/rwbyf#OTCQX">RWBYF</a>).</p> <p>The New York-based company said Wednesday it has closed a<a href="https://www.benzinga.com/markets/cannabis/21/02/19851626/rwb-acquires-acreages-florida-operations-for-60m">previously announced deal </a>to divest 100% of its Acreage Florida, Inc. subsidiary to RWB.</p> <p><strong>The Acreage Deal Details</strong>: Under the terms of the agreement with&nbsp;Acreage&rsquo;s subsidiary&nbsp;High Street Capital Partners LLC,&nbsp;RWB opted to purchase all of the issued and outstanding shares of common stock of ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/04/20836980/acreage-finalizes-sale-of-florida-operations-to-red-white-bloom alt=Acreage Finalizes Sale Of Florida Operations To Red White &amp; Bloom>Full story available on Benzinga.com</a></p> ACRGF Cannabis M&A News Penny Stocks Peter Caldini RWBYF Asset Sales Markets ACRGF RWBYF News M&A Penny Stocks Cannabis Asset Sales Markets Benzinga Wed, 28 Apr 2021 14:51:17 +0000 Jelena Martinovic 20836980 at https://www.benzinga.com General Cannabis To Purchase Trees For $39.5M; Changes Name, Strengthens Retail Footprint https://www.benzinga.com/markets/cannabis/21/04/20750648/general-cannabis-to-purchase-trees-for-39-5m-changes-name-strengthens-retail-footprint <p><strong>General Cannabis Corp</strong> (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cann#OTCQB">CANN</a>) is poised to acquire cannabis retailer Trees.</p> <p><strong>Transaction Details:</strong> The Colorado-based company agreed to purchase Trees for roughly $39.5 million, with 13% of the sum to be paid in cash over the next two years.</p> <p>The remaining 87% of the purchase price will be paid in General Cannabis common stock.</p> <p>The company opted to issue 38,745,193 shares to Trees shareholders at $0.89 per share.</p> <p>In order to fund the acquisition, General Cannabis extended its convertible debt round by $2.3 million to $6.9 million.</p> <p><strong>Why It Matters:</strong> ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/04/20750648/general-cannabis-to-purchase-trees-for-39-5m-changes-name-strengthens-retail-footprint alt=General Cannabis To Purchase Trees For $39.5M; Changes Name, Strengthens Retail Footprint>Full story available on Benzinga.com</a></p> acquisition CANN Cannabis M&A News retail Trees Retail Sales Asset Sales Markets CANN News M&A Cannabis Retail Sales Asset Sales Markets Benzinga Thu, 22 Apr 2021 20:21:50 +0000 Jelena Martinovic 20750648 at https://www.benzinga.com Millicom To Sell African Operations To Focus On Latin American Markets https://www.benzinga.com/news/21/04/20676601/millicom-to-sell-african-operations-to-focus-on-latin-american-markets <ul> <li>Cable and mobile service provider&nbsp;<strong>Millicom International Cellular SA</strong>&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tigo#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TIGO</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/04/g20675384/millicom-signs-agreements-to-conclude-africa-divestiture-program" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">has inked divestment agreements</a>&nbsp;for the Tanzania operations and stake ownership in the AirtelTigo joint venture in Ghana to focus on the Latin American markets.</li> <li>Millicom agreed to ...</li></ul><p><a href=https://www.benzinga.com/news/21/04/20676601/millicom-to-sell-african-operations-to-focus-on-latin-american-markets alt=Millicom To Sell African Operations To Focus On Latin American Markets>Full story available on Benzinga.com</a></p> Briefs News TIGO Asset Sales Tech Media TIGO News Asset Sales Tech Media Benzinga Mon, 19 Apr 2021 11:54:48 +0000 Anusuya Lahiri 20676601 at https://www.benzinga.com