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Lumen sells CenturyLink ILEC assets to Apollo in $7.5 billion deal

Lumen will sell CenturyLink-branded assets to Apollo across 20 states and retain those in 16 states Lumen Technologies has agreed to sell a portion of its incumbent local exchange carrier (ILEC) operations to Apollo Global Management for $7.5 billion. Lumen will retain the CenturyLink-branded assets in 16...

Softbank buys Yahoo Japan brand from Verizon for $1.6 billion

The Yahoo Japan transaction will go into effect after Verizon's pending deal with Apollo closes Verizon has signed over Yahoo Japan assets to Z Holdings, a division of Japan’s SoftBank Group, for approximately $1.6 billion, securing the Japanese company’s rights to the branding and technology...

Verizon confirms sale of media assets to Apollo for $5 billion

Verizon CEO: 'Verizon Media will take off in its new home' Anyone who has followed the storyline of Verizon’s media assets knows that it’s been a somewhat rocky, convoluted journey, beginning with the carrier’s purchase of AOL for $4.4 billion in 2015, and then Yahoo...

Baidu COO discusses why China is poised to dominate A.I. market

Baidu COO talks why China is well positioned to advance A.I. systems Las Vegas, Nev. -- During a press conference at CES, Baidu COO Qi Lu emphasized how China is poised to dominate the global artificial intelligence (A.I.) market. According to Lu, China is well positioned to...