Yahoo names Tinder top boss Jim Lanzone as CEO

Yahoo on Friday named dating app Tinder’s boss Jim Lanzone as its chief military officer , just days after Apollo Global Management Inc completed its purchase of the web 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 a number of the opposite brands under the Verizon Media umbrella.

Apollo is looking to grow offerings like Yahoo Finance and Yahoo Sports through new business initiatives including subscriptions, while also that specialize in advertising and ecommerce platforms.

Separately, Match Group Inc, the parent of Tinder, named Renate Nyborg as CEO of the dating app to exchange Lanzone.

Nyborg, who served as Tinder’s head within the Europe, Middle East and Africa region, is additionally the primary

woman to require the work since Tinder’s inception in 2012.

Scott Kessler, analyst at investment research firm Third Bridge, said Lanzone makes an honest fit Yahoo, given his stint with CBS Interactive where he oversaw digital media brands and drove the event of the company’s streaming services, including CBS All Access.

“He’s done this before and albeit the stakes are tons higher, Apollo and other investors want to ascertain value from it.”

Yahoo.com, which competes with newer albeit bigger players including Google and Facebook, is among the highest five most visited websites within the us and among top 20 within the world, consistent with Alexa Internet, an internet traffic analysis firm.

Lanzone replaces Guru Gowrappan, who led Verizon’s media business since 2018 and has now been named senior adviser to Apollo’s private equity business.