Verizon to sell off media brands Yahoo, AOL for $5 billion

Monday’s announcement had little effect on Verizon’s share price, which edged up 0.2 percent to close at $58.20. The company, which has a nearly $240 billion market cap, recorded nearly $32.9 billion in total revenue for its first quarter ending March 31, a 4 percent gain from a year ago that beat analyst expectations, according to its earnings report.

Source: WP