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Yahoo Names Tinder Top Boss as CEO

Amnon Free Press/Central Press Syndicate, USA. Read, Enjoy and Share the Latest US News Updates.

Yahoo on Friday named dating app Tinder’s boss Jim Lanzone as its chief executive officer, just days after Apollo Global Management Inc. completed its purchase of the online media company from Verizon Communications Inc. Apollo on Sept. 1 closed its $5 billion acquisition of Verizon Media and renamed it Yahoo after Verizon’s iconic digital brand. AOL, TechCrunch, Makers, Ryot, and Flurry were some of the other brands under the Verizon Media umbrella. Apollo is looking to grow offerings such as Yahoo Finance and Yahoo Sports through new business initiatives including subscriptions, while also focusing on advertising and e-commerce platforms. Separately, Match Group Inc., the parent of Tinder, named Renate Nyborg as CEO of the dating app to replace Lanzone. Nyborg, who served as Tinder’s general manager in the Europe, Middle East, and Africa region. Scott Kessler, analyst at investment research firm Third Bridge, said Lanzone makes a good fit for …

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