Verizon explores sale of media assets, including Yahoo and AOL – WSJ

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Author: Reuters
This post originally appeared on Stock Market News

Verizon explores sale of media assets, including Yahoo and AOL - WSJ© Reuters. FILE PHOTO: The Verizon logo is seen on the side of a truck in New York

(Reuters) – Verizon Communications Inc (NYSE:) is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The sales process, which includes private equity firm Apollo Global Management (NYSE:) Inc, could yield a price of $ 4 billion to $ 5 billion, report said.

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Yahoo and AOL are the two large brands within Verizon Media, which also owns news publication HuffPost, technology news sites Techcrunch and Engadget, as well as social media site Tumblr.

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73
12 shares, 73 points

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