Verizon reportedly mulls media cull [telecom]

US operator Verizon opened talks with private equity company Apollo Global Management regarding the possible sale of its media assets, The Wall Street Journal (WSJ) reported.

The operator is reportedly discussing the sale of Yahoo and AOL for $4 billion to $5 billion. It acquired AOL for $4.4 billion in 2015 and spent $4.8 billion on Yahoo in 2017.

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