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 2015AOL was bought by Verizon in 2015

Six 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.

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