According to reports, Verizon could be planning to sell two of its brands, Yahoo! and AOL. The two brands are part of Verizon’s media division, which could be priced by as much as $5 billion. The reports say Verizon is already in talks with Apollo Global Management about a possible deal. There is no word on whether other companies are interested in striking a deal with Verizon.
This move follows Verizon’s previous decision to sell its blogging platform, Tumblr, in 2019 and HuffPost online news service last year. The latter was sold to Buzzfeed.
If the report is true, it could be Verizon’s final withdrawal from its decision to enter the online advertising space. Back in 2017, Verizon bought Yahoo!’s internet properties for around $4.5 billion. Prior to this, it also acquired AOL for around $4.4 billion in 2015. Sadly, Big Red’s plan to enter the online advertising space did not take off.
The other brands under Verizon Media division include TechCrunch, Ryot, Built By Girls, and Flurry. There are plenty of other brands according to their website.
A representative for Verizon declined to comment. There is no word yet on whether this move will affect Verizon's MVNO, Yahoo Mobile.
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