AOL Sale Could Fetch $1.5 Billion As Apollo Reviews Potential Sale: Report
Synopsis
According to a report by The Wall Street Journal, discussions are in an early stage and may not lead to a transaction.
Apollo Global Management (APO) is reportedly considering the sale of AOL after reviewing inbound interest in the business.
According to a report by The Wall Street Journal, citing people familiar with the matter, talks are at an early stage and may not result in a transaction. Sources added that if a deal materializes, AOL could be valued at around $1.5 billion.
Apollo acquired AOL in 2021 as part of its $5 billion purchase of Verizon’s media assets, which also included Yahoo.
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