View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
December 8, 2015

Verizon shows interest in acquiring Yahoo’s core business

News: Search firm struggles to revive core online advertising business.

By CBR Staff Writer

Verizon Communications said it could look at acquiring Yahoo’s core business if an agreement made sense.

Verizon chief financial officer Fran Shammo said: "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."

Earlier this year, Verizon acquired American multinational mass media firm AOL in a $4.4bn deal.

Yahoo’s board of directors earlier held a meeting about the proposed sale of its 15% stake in Chinese e-commerce firm Alibaba.

The company has been struggling to revive its core online advertising business. The efforts taken by Yahoo Chief Executive Marissa Mayer to restore the businesses did not yield better results.

Last month, activist shareholder Starboard Value urged Yahoo to stop its plan to sell off its stake in Alibaba.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU