Yahoo has appointed Jim Lanzone, the top executive of the dating app Tinder, as its Chief Executive Officer. Apollo Global Management made the announcement on Friday after buying the online media company from Verizon Communications. News Reuters.
On September 1, Apollo acquired Verizon Media for $ 5 billion. Simultaneously named Yahoo. Verizon Media has several brands under AOL, TechCrunch, Makers, Riot and Fleury.
Through new business initiatives including Apollo subscriptions, Yahoo Finance is trying to expand to other businesses, including Yahoo Sports. At the same time, the company is also focusing on advertising and e-commerce.
On the other hand, Tinder’s proprietor Match Group lost to Lanzone and appointed Renate Nyberg as its new CEO. Nieberg previously served as General Manager for Europe, the Middle East and Africa. She was the first woman to join the company when Tinder launched in 2012.
DBTech / BMT