Last week Verizon chairman and CEO Lowell McAdam appeared on CNBC and revealed the wireless carrier is interested in acquiring at least some assets from Yahoo. The revelation comes as Yahoo edges closer to the brink of failure. Last week Yahoo’s earnings report included language indicating the company was considering alternatives that many believe include selling assets or some type of merger deal. Verizon’s interest in Yahoo could be coming at a good time for Yahoo.
Verizon has a strategy in place that involves three legs – providing connectivity, owning platforms to drive network traffic, and owning content to support the Verizon ecosystem. Last year Verizon entered into an agreement to purchase AOL as part of that larger strategy. McAdam indicated that he thinks Yahoo could be combined with the AOL assets:
“We have to understand the trends. But then at the right price, I think marrying up some of their assets with AOL and the leadership would be good.”
Based on that comment, Verizon may not be quite ready to pull the trigger on acquiring Yahoo, or some parts of it, but Yahoo is clearly in their sights.
source: CNBC
Come comment on this article: Verizon may scoop up Yahoo to join AOL in content portfolio
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