x
Mergers & acquisitions

Verizon CFO: Yahoo Acquisition Talk 'Way Too Premature'

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.


Read about the latest on mobile in our dedicated section on Light Reading.

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.

Related posts:

  • Could SoftBank Buy Yahoo?
  • Verizon Closes AOL, Hints at Summer Launch
  • Verizon's Go90 Is Live – Will Anyone Watch?
  • Operators Blunder in Online Video Era

    — Dan Jones, Mobile Editor, Light Reading

  • Page 1 / 2   >   >>
    kq4ym 12/17/2015 | 12:57:35 PM
    Re: Stragety It would be intriguing if Verizon had both AOL and Yahoo, the "dinosaurs" of online computing. If Yahoo's assets could be cheap enough maybe Verizon could be cited as doing a good thing. Or if they ended up with both and both tanked, at least their ready for an internet "museum" featuring the original bones of AOL and Yahoo.
    Susan Fourtané 12/13/2015 | 1:39:13 AM
    Re: Stragety Mhh, Yes, I understand what you say. Maybe we should say a Web search engine owned by Yahoo and powered by Bing? "Search is a web search engine owned by Yahoo. As of February 2015 it is the third largest search engine in the US by the query volume at 12.8%, after its competitors Google at 64.5% and Bing at 19.8%." Yahoo has gone through many changes and comings and goings with both Google and Microsoft that sometimes it gets confusing. -Susan
    mhhf1ve 12/10/2015 | 1:04:16 PM
    Re: Stragety > Yahoo is a search engine.

    Heh. Really? It's a strange business, then, to be a search engine that doesn't actually use its own search engine technology. Yahoo's search results are "powered by Bing" -- so maybe I'll agree that Yahoo is a search engine when/if MSFT buys Yahoo and actually merges Yahoo with Bing.
    Susan Fourtané 12/10/2015 | 5:06:00 AM
    Re: Stragety Mhh, Yahoo is a search engine. -Susan
    DanJones 12/9/2015 | 5:12:22 PM
    Re: Stragety Strategy repeated as farce?
    mhhf1ve 12/9/2015 | 3:47:10 PM
    Re: Stragety I also really like the word "Stragety" -- it's like a failed strategy that's now a tragedy.
    mhhf1ve 12/9/2015 | 3:45:54 PM
    Re: Stragety Yahoo isn't a search engine.. is it? I don't think Yahoo has its own search engine, other than re-packaging MSFT Bing? I thought Yahoo shut down all of its own search engine stuff a long time ago. Yahoo is a "portal" -- sort of like a Facebook without the social interactions. It *should* be able to capitalize on getting ads to eyeballs, but it hasn't figured out how to do it.. and it has probably run out of time to figure it out.

    I once thought Yahoo could do it... They needed some algorithm people to figure out how to turn their portal into an addictive news site... but... it's looking less and less likely that Yahoo can do it. 
    DanJones 12/9/2015 | 12:14:48 PM
    Spin-off Yahoo does a reverse spin-off!
    DanJones 12/8/2015 | 9:54:35 PM
    Or financial analysts! Not ruling it out doesn't mean they'll do it, of course!
    DHagar 12/8/2015 | 7:37:54 PM
    Re: Stragety Dan, that DOES make sense.  Plus Verizon has already invested with AOL, and can double down.
    Page 1 / 2   >   >>
    HOME
    Sign In
    SEARCH
    CLOSE
    MORE
    CLOSE