AOL Inc. to Verizon Communications Inc.

EV / LTM EBITDA

8.4x

EV / LTM Sales

Enterprise Value

$4.2B

Primary Source

Morgan Stanley

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	fairness opinion	SFLY FO	Morgan Stanley	2019	$4.2B	-	8.4x	-	-	Open