Acquired last year by Apollo Global Management, Yahoo plans to add on new commerce and transaction businesses, such as sports betting and, according to a company source, retail stock trading, Axios’ Kerry Flynn and Sara Fisher report. Now that the company has sold off its noncore assets, it’s focused on core areas such as sports, finance and mail, the authors note. Reference Link
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on APO:
- Apollo Names Shawn T. Wooden Chief Public Pension Strategist and Partner
- Apollo Global appoints Wooden as Partner, Chief Public Pension Strategist
- Taboola, Yahoo enter 30-year commercial agreement
- Apollo to Present at the Goldman Sachs US Financial Services Conference
- Apollo Closes on $2.4 Billion for Inaugural Accord+ Fund