Verizon Communications Is Weighing a Sale of Yahoo!, AOL Unit
- Verizon Media said to be worth up to $5 billion in sale
- Verizon talking to potential buyers including Apollo
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Verizon Communications Inc. is considering selling its media division, according to people familiar with the matter, as the telecommunications giant seeks to unload once high-flying dot-com brands such as Yahoo! and AOL.
Verizon Media could fetch as much as $5 billion, said the people, who asked to not be identified because the matter isn’t public. The company is talking to Apollo Global Management Inc. about a deal, they said. It couldn’t immediately be learned how a deal would be structured or if other suitors may emerge. No final decision has been made and Verizon could opt to keep the unit.