Verizon tries to sell Yahoo and AOL after spending $9 billion on fallen giants

A Yahoo logo.

Enlarge / Yahoo logo at the 2014 International CES conference in Las Vegas. (credit: Getty Images | Ethan Miller )

reported yesterday. The sale process involves private-equity firm Apollo Global Management and “could lead to a deal worth $4 billion to $5 billion,” the Journal wrote, citing “people familiar with the matter.”

We asked Verizon if it has a response to the WSJ report today, and a spokesperson told us the company has “nothing to add.”

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