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Verizon interested in Yahoo web business
2015-12-08 08:43:00| Telecompaper Headlines
(Telecompaper) Verizon would explore a possible acquisition of Yahoo! if a deal made sense, Verizon CFO Fran Shammo said. Speaking at an investor conference in New York, reported by Bloomberg, Shammo said that while it still wasn't clear what Yahoo's board has planned for the company, Verizon would take a look if it were to be offered up for sale. Yahoo directors met last week to discuss the company's strategy and planned spin-off of its stake in Alibaba. According to some reports, it's also looking at selling its core web 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," Shammo said at the UBS Global Media and Communications Conference.
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Category:Telecommunications