Verizon To Divest Media Assets Including Yahoo, AOL To Focus On 5G

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By Poppy in Business
Updated 3 years ago

Verizon Communications Inc (NYSE: VZ) is near a deal to sell Yahoo and AOL to the private equity firm Apollo Global Management Inc (NYSE: APO), renouncing its digital ad competition with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Facebook Inc (NASDAQ: FB) to focus on 5G network building, the New York Times reports.

verizon-to-divest-media-assets-including-yahoo-aol-to-focus-on-5g