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Verizon sells Yahoo and AOL 

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Verizon will sell its media group to private equity firm Apollo Global Management for $5 billion, the companies announced Monday. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo, Report informs, citing foreign media.

Verizon will keep a 10% stake in the company and it will be rebranded to just Yahoo.

The sale will see online media brands under the former Yahoo and AOL umbrellas like TechCrunch, Yahoo Finance and Engadget go to Apollo at much lower valuations than they commanded just a few years ago. Verizon bought AOL for $4.4 billion in 2015 and Yahoo two years later for $4.5 billion.

Verizon will get $4.25 billion in cash from the sale along with its 10% stake in the company. Verizon and Apollo said they expect the transaction to close in the second half of 2021.

There has been increasing evidence recently that Verizon wanted to sell off its media properties and instead focus on its wireless networks and other internet provider businesses. Last year, Verizon sold HuffPost to BuzzFeed. It also recently sold off or shut down other media properties like Tumblr and Yahoo Answers.

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23 killed in Rio de Janeiro shootout

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At least 23 people including a police officer have been killed in a shootout in Rio de Janeiro, according to local media.

Report informs, citing the BBC, that the shootout took place during a police operation in a favela in the Jacarezinho area of the city.

According to Civil Police, more than 200 officers were carrying out the operation to combat organised crime.

Two passengers on a metro train were hit by bullets but survived, O Globo newspaper said.

Civil Police in the city confirmed the death of one of their officers, police inspector Andre Leonardo de Mello Frias.

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Kyrgyz president orders to modernize water intake on Tajik border

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President of Kyrgyzstan Sadyr Japarov ordered the modernization of the Golovnoy water intake, which caused an armed conflict on the border with Tajikistan, Report informs, citing the press service of the Kyrgyz head of state.

The president said this on Thursday during his visit to the Batken region.

"Following the visit, the President instructed the relevant state bodies to modernize the technical state of the water intake," the message says.

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Azerbaijan’s Presidential Administration Chief sets instructions on works in liberated areas

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The regular 5th meeting of the Coordination Headquarters established by the Order of the President of the Republic of Azerbaijan dated November 24, 2020, for the centralized settlement of issues in the liberated territories took place in video format.

Opening the meeting, the head of the Presidential Administration and Staff Samir Nuriyev noted that the restoration and construction work in the liberated territories is always in the focus of the President's attention, and important areas for action have been identified.

Samir Nuriyev said that, as noted by President Ilham Aliyev, our cities and villages in our liberated lands were ruined by occupant Armenians, our historical and religious monuments were destroyed, which indicates the need for large-scale planning and restoration work.

Reports were heard, and respective instructions were given on the demining of the occupied territories, the preparation of the State Program "Restoration and sustainable development of the liberated territories of the Republic of Azerbaijan for 2021-2025", the return of former IDPs to their ancestral lands, energy supply in the affected areas, in particular, "Green Energy," construction of urban planning and transport infrastructure, the works held and the results of the survey as part of ADA University's research on the topic of "Preparation of proposals for forecasting and effective organization of repatriation to post-conflict areas of Azerbaijan."

The importance of carrying out work according to the instructions of the President, taking into account the combination of speed and quality, was stressed at the meeting.

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