Verizon to sell its media business, including iconic brands Yahoo and AOL, to focus on developing 5G

Source: South China Morning PostVerizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for US$5 billion, ending an expensive and unsuccessful run in the media and advertising world.Despite spending more than a decade and billions of dollars acquiring a stable of internet brands, the New York-based telecom company has struggled to make headway in a highly competitive internet advertising space dominated by Facebook Inc and Google and has focused its resources on developing 5G…Read More

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