secwatch.observer — SEC 8-K summary
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Issuer:     VERIZON COMMUNICATIONS INC (VZ)
CIK:        0000732712
Form:       8-K
Filed at:   2021-09-01T23:59:59+00:00
Accession:  0001193125-21-262922
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/732712/000119312521262922/0001193125-21-262922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/732712/000119312521262922/d198679d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-262922

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer