Verizon closes $4.25B sale of Media Group; EVP Gowrappan exits

VERIZON COMMUNICATIONS INC

Sale of Verizon Media Group (Oath Inc. and Verizon Media Netherlands B.V.) closed on Sept 1, 2021.
Consideration: ~$4.25B cash, $750M in non-convertible preferred units, and 10% of common units of buyer College Parent, L.P.
Guru Gowrappan ceased as EVP and Group CEO - Verizon Media upon completion of the sale.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Guru Gowrappan

Executive Vice President and Group CEO - Verizon Media

VZ · VERIZON COMMUNICATIONS INC

Effective: 2021-09-01
Filed: September 1, 2021, 7:59 PM ET

Mr. Guru Gowrappan ceased to serve in his capacity as an executive officer of Verizon Communications Inc. (“Verizon”) with the title of Executive Vice President and Group CEO - Verizon Media.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Guru Gowrappan resigned as Executive Vice President and Group CEO - Verizon Media at VERIZON COMMUNICATIONS INC.

Action: resigned
Role: Executive Vice President and Group CEO - Verizon Media

Exact text from the filing

Mr. Guru Gowrappan ceased to serve in his capacity as an executive officer of Verizon Communications Inc. (“Verizon”) with the title of Executive Vice President and Group CEO - Verizon Media.

View on SEC.gov

VERIZON COMMUNICATIONS INC filing history →

Source: SEC EDGAR

accession 0001193125-21-262922

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.