Verizon could consider buying Yahoo's internet business
- 8 years ago
Verizon Communications Inc's finance chief, Fran Shammo, said the No. 1 U.S. wireless carrier could look at buying Yahoo Inc's core business, which includes Mail, its news and sports sites and advertising technology.
"If we see there is a strategic fit and it makes sense for our shareholders and we can return value, I mean we'll look at it, but at this point it's way too premature to talk about that one," Chief Financial Officer Shammo said.
Verizon earlier this year bought AOL Inc in a $4.4 billion deal to push into mobile video and targeted advertising.
Yahoo's board met on Friday in the third and final day of meetings to consider various options for company including selling its struggling Internet business.
"If we see there is a strategic fit and it makes sense for our shareholders and we can return value, I mean we'll look at it, but at this point it's way too premature to talk about that one," Chief Financial Officer Shammo said.
Verizon earlier this year bought AOL Inc in a $4.4 billion deal to push into mobile video and targeted advertising.
Yahoo's board met on Friday in the third and final day of meetings to consider various options for company including selling its struggling Internet business.