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Yahoo - David Sambur (Apollo Global Management), (S2, EP.05)
Private Equity Deals with Capital Allocators
The Magic of Apollo's Yahoo Deal
The base bare bones of the deal was carve this asset out of Verizon, buy it for reasonable price. That's no different than almost any deal in our portfolio and structure it creatively. There was a plan based on the structuring of the deal to sell some non-core assets and de-risk our equity. So we stand here today owning Yahoo or having an investment in Yahoo for free essentially.
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