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Freshfields represents Verizon on $5 billion sale of Verizon Media to Apollo Funds

Freshfields is advising Verizon (NYSE: VZ) on the global antitrust and foreign investment aspects of the sale of Verizon Media to funds managed by Apollo Global Management, Inc. (NYSE: APO) for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction. The transaction is expected to close in the second half of 2021.

Verizon Media is one of the world’s premier global technology and media companies and is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses.

More details about the transaction can be found here.

The Freshfields team was led by antitrust, competition and trade partners Meghan Rissmiller and Michele Davis and associates Rikki Haria, Elizabeth Suarez, Radha Rathi and Kaylynn Noethlich.


About Freshfields Bruckhaus Deringer LLP

Freshfields Bruckhaus Deringer LLP is a global elite law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.

Freshfields is ranked by Chambers Global in Band 1 across the six areas of antitrust, corporate/M&A, litigation, international arbitration, tax, and public international law. For more information visit

This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.