Private Equity

Verizon Mulls Sale Of Aol, Yahoo

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In a major strategic reversal, Verizon Wireless reportedly is considering selling its media business which includes Yahoo and AOL. : Less than a decade after it entered the media business through its acquisitions of AOL and Yahoo, Verizon VZ Communications reportedly may be preparing to exit the sector, According to The Wall Street Journal, Verizon is “exploring” whether to unload its media properties, which could fetch a price of $4 billion to $5 billion. According to the newspaper, private equity giant Apollo Global Management APO is part of the “sales process”.

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