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The Wall Street Journal: 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 reversal of the communications company’s once-lofty ambitions in the sector.

The sales process, which includes private-equity firm Apollo Global Management Inc.
APO,
+0.44%
,
 could yield a price of $4 billion to $5 billion, the people said, assuming there is a deal.

An expanded version of this report appears on WSJ.com.

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