Verizon could be interested in acquiring Yahoo's Internet business, but its CFO says its too early to say much about it yet.
"Yahoo? Who's that?" quipped Verizon Communications Inc. (NYSE: VZ) CFO Fran Shammo at the UBS 43rd Annual Global Media And Communications Conference Monday morning. "I think it's way too premature to talk about that."
Verizon would consider if such a buyout was strategic, the CFO said, noting that Yahoo Inc. (Nasdaq: YHOO)'s board is still deciding on its future.
SoftBank Corp. has also been named as a potential buyer for Yahoo's Internet business.
Verizon, of course, is no stranger to buying major portals to enhance its content delivery strategy. It closed a $4.4 billion buyout of AOL in June.
— Dan Jones, Mobile Editor, Light Reading