Tag: Mergers & Acquisitions

NEW YORK—Verizon and Apollo Global Management, Inc. announced last week that Apollo Funds has entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. “We are excited to be joining forces with Apollo,” said Gowrappan in the announcement. “The past two quarters of double-digit growth have demonstrated...

WILMINGTON, Del.—B Safe, a regional security company based here, has strengthened its position in eastern Pennsylvania with the purchase of Alarm Surveillance Technologies (AST) of Ambler, Pa.The buy brings about 650 mostly residential accounts and about $15,000 in RMR, according to B Safe customer service manager Mary Cakir. B Safe now has about 10,450 customers and approximately 295,000 in RMR, she said.The AST acquisition is part of an aggressive acquisition effort the company has undertaken...

WILMINGTON, Del.—B Safe, based here, recently made two buys in New Jersey, giving the company more depth in that state, according to Mary Cakir, customer service manager for the regional security and fire company.B Safe acquired Tatra Security Systems, of Franklin Lakes, N.J., in the northern part of that state; and Radar Security Systems, of Mantua, N.J., which is in the southern part of the state.The acquisitions added 2,000 accounts to B Safe, bringing its total customer base to about 9,500,...