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

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

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

Verizon 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…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-05-04T03:11:18+00:00 May 4th, 2021|Technology|Comments Off on Verizon to sell its media business, including iconic brands Yahoo and AOL, to focus on developing 5G