Verizon Communications Inc. (NYSE:VZ) is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on digital media. The sales process, which includes Apollo Global Management, Inc. (NYSE:APO), could lead to a deal worth $4 billion to $5 billion, according to people familiar with the matterassuming there is one. Other details couldn't be learned.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
112.2 USD | +0.30% | +4.26% | +20.42% |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
39.68 USD | +1.17% | -2.00% | 167B | ||
19.63 USD | -.--% | -.--% | 10.2B | ||
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+20.42% | 63.85B | |
-6.03% | 113B | |
-3.98% | 87.91B | |
+5.29% | 61.9B | |
+10.12% | 42.86B | |
+7.95% | 40.84B | |
+18.92% | 34.58B | |
+5.88% | 25.46B | |
-5.25% | 22.13B | |
+0.57% | 18.61B |
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- Verizon Reportedly Explores Sale of Media Assets, Including Parts of Yahoo and AOL