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  • Trending on the Ticker

  • Verizon is close to a deal to sell its media operations to Apollo Global Management, according to Bloomberg sources; Verizon could receive as much as $5B from the deal; the arrangement is for brands such as AOL and Yahoo - Link

    Yahoo Finance is likely the most valuable of Verizon’s media assets, according to a CNBC source; the unit was valued at ~$2B some years ago when more than one financial services company approached Verizon about acquiring a stake - Link

    Update: Verizon confirms it’s selling AOL and Yahoo assets to Apollo for $5B; Verizon will maintain a 10 percent stake in the unit, which is now known as Yahoo; Verizon paid more than $4.4B for AOL’s properties in 2015, and $4.5B for Yahoo’s in 2017 - Link

  • PE firms Francisco Partners and TPG acquire cloud integration service Boomi from Dell for $4B; the deal is expected to close by the end of this year; Dell purchased Boomi for an undisclosed sum in 2010 - Link

  • Andreessen Horowitz plans to raise $800M to $1B for a crypto fund, according to sources for the Financial Times; the company intends to invest in digital currencies and crypto startups - Link

  • Ethereum’s valuation passes $3k; the cryptocurrency’s worth has risen more than 300 percent since the start of 2021 - Link

    Bitcoin accounts for ~46 percent of the cryptocurrency market value of $2.3T, according to CoinGecko data; ethereum counts for ~15 percent - Link

  • China-based insurtech firm Waterdrop plans to raise as much as $360M via a US IPO, reports Nikkei Asia; SEC filings show the company will offer 30M American Depositary shares priced at $10 to $12 apiece later this week; Waterdrop has set aside $4.5M additional greenshoe shares - Link