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Commerce

Verizon is Reportedly Considering a Sale of its Media Assets, including AOL and Yahoo

5G verizon

Verizon Communications is looking into selling its media assets, people familiar with the matter told the Wall Street Journal.

If a sale happens, it would include Yahoo and AOL, the sources exclusively told The Journal.

The sale process could yield a price of around $4 billion or $5 billion, and private-equity firm Apollo Global Management Inc. is said to be involved, The Journal reported.

This is a developing story. Please check back for more updates.

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