Verizon Expores Yahoo Deal Options: report

Monday, February 8, 2016

Verizon Expores Yahoo Deal Options: report

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Verizon is seriously considering bidding for Yahoo's assets, as Yahoo has been considering altenatives for its core Internet businesses.

Bloomberg reports that Verizon Communications has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets.

The largest U.S. wireless carrier hasn't hired bankers to conduct an offer and there have been no formal talks, according to the report.

Yahoo said last week that it would consider "strategic alternatives" for its core Internet business, even as it continues with its plan to revamp the business and spin it off.

Earlier this year, Verizon bought AOL in a $4.4 billion deal to push into targeted advertising and mobile video.