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Verizon seeking sale of media assets & AOL in $5 billion deal

Telecom giant Verizon is reportedly exploring the sale of assets including parts of Yahoo, and AOL, plus news sites Techcrunch and Engadget in a deal worth up to $5 billion.AOL was bought by Verizon in 2015Six years after it bought AOL, and five after it took over Yahoo, Verizon is looking to sell off both. The company spend over $9 billion to buy the two, and is now said to be shopping them around for around half that. Read more…
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