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Apollo acquired Yahoo final yr to develop and rationalize the business after Verizon acquired it in 2017 and merged it with AOL. Former Tinder Chief Executive Officer Jim Lanzone was named Yahoo CEO in September. Apollo is now trying to find leaders of its Yahoo Sports and Yahoo Finance models, who will report back to Lanzone, according to people acquainted with the matter. All talks at this stage are early, and no deal is imminent, stated the people. Yahoo hasn’t settled on a target and will not pursue a deal, the individuals stated. Spokespeople for Apollo and PointsBet declined to comment.
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