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”.