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


FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid

(Reuters) - Verizon Communications Inc 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 Inc, could yield a price of $4 billion to $5 billion, report said.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Iran restores access to WhatsApp and Google Play after they were banned amid protests
OpenAI unveils artificial intelligence that can 'reason' through math and science problems
Signify ordered by court to recall products infringing on patents, Seoul Semiconductor says
Telegram and WeChat first to initiate licensing to operate in Malaysia
Japan Airlines delays flights after cyberattack
Japan airlines experiencing issues due to cyberattack
The war on wildfires is going high-tech
Opinion: Why I’m getting rid of my smartwatch
How smartphones powered the AI boom in 2024
JAL's systems back to normal after cyberattack delayed flights

Others Also Read