Verizon

Method

Verizon buys 24.5 percent of AwesomenessTV in April 2016 for 159 million dollars, valuing it at 650 million dollars, alongside a 180 million dollar multi year content deal for its go90 mobile video service, and the same month its joint venture with Hearst buys Complex Networks. go90 closes in June 2018, AwesomenessTV is sold to Viacom for about 50 million dollars in July 2018, and Complex goes to BuzzFeed in 2021. Verizon writes off its media strategy and sells Yahoo and AOL to Apollo in 2021.

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The path: money and goods moving

• acquiredVesselVerizon acquires Vessel on 26 October 2016 and shuts the service on 31 October 2016.2016
• invested inAwesomenessTVVerizon buys 24.5 percent of AwesomenessTV in April 2016 for 159 million dollars at a 650 million dollar valuation with a 180 million dollar go90 content deal.2016
• invested inmitúVerizon Ventures is among investors in mitú's roughly 52 million dollars of funding.2016
• acquiredComplex NetworksA Verizon and Hearst joint venture buys Complex in April 2016 for a reported 250 million to 300 million dollars.2016 to 2021