Verizon Sells Yahoo and AOL br to Apollo for $5 Billion.br The companies made the br announcement on May 3.br Apollo will acquire online media brands such as TechCrunch, Yahoo Finance and Engadget which were under the former AOL and Yahoo umbrellas.br Verizon will receive $4.25 billion in cash br and maintain a 10 stake in the company br that will be rebranded as Yahoo.br The sale indicates that Verizon is shifting its focus away from media to wireless networks and other internet-related businesses.br In a similar move last year, br the wireless company br offloaded HuffPost to BuzzFeed.