Verizon may sell its media assets, including Yahoo and AOL

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Verizon Communications Inc. VZ, + 0.20% is exploring a sale of its media assets, including Yahoo and AOL, according to people familiar with the matter, signaling a dramatic shift from the communications company’s once-elevated ambitions. in the sector. The sales process, which includes private equity firm Apollo Global Management Inc. APO, + 0.44%, could fetch a price of $ 4bn to $ 5bn, the people said, assuming there is a deal. An expanded version of this report appears on WSJ.com.