Martin approves major media deal in which Verizon disposes of Yahoo, Techcrunch and AOL

The Minister for Media made a determination that the merger would not impact the plurality of the media in Ireland

Catherine Martin, the Minister for Media, had to examine the merger deal due to the presence of Yahoo and Apollo subsidiaries in Ireland

Catherine Martin, the Minister for Media, has approved a deal which will see Verizon dispose of its media interests, including Yahoo, Techcrunch and AOL, to Apollo Global, the global private equity group.

Due to the presence of subsidiaries of both Yahoo and Apollo here in Ireland, Martin’s department was required to examine the merger deal under competition law.

Verizon is exiting its media interests and selling off Verizon Media Group for $5 billion in a ...