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Verizon Explores Sale of Media Assets

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Verizon Explores Sale of Media Assets

The sale of media assets Verizon is exploring could yield a price in the $4 billion to $5 billion range, people familiar with the matter said; a Verizon store in San Francisco.

Photo: David Paul Morris/Bloomberg News

Verizon Communications Inc. VZ 0.20% is exploring a sale of its media assets including Yahoo and AOL, according to people familiar with the matter, signaling a dramatic reversal of the communications company’s once-lofty ambitions in the sector.

The sales process, which includes private-equity firm Apollo Global Management Inc., APO 0.44% could yield a price of $4 billion to $5 billion, the people said, assuming there is a deal.

This article will be updated.

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Published at Wed, 28 Apr 2021 20:42:00 +0000

Attribution – For more Information here is the Article Post Source: https://www.wsj.com/articles/verizon-explores-sale-of-media-assets-11619642003?mod=pls_whats_news_us_business_f