Verizon would look at Yahoo deal if it makes sense – CFO - Mobile World Live
Verizon would look at Yahoo deal if it makes sense – CFO
Verizon Communications would pursue an acquisition of Yahoo if the deal added up in terms of strategy and shareholder value, said CFO Fran Shammo (pictured).
"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… All I can say is we don't know what Yahoo's board will decide. It's too early to know," said the finance chief.
Shammo was speaking at a UBS conference and his comments were reported by a number of outlets.
Yahoo's board is thought to be mulling the sale of its core business, having struggled to make a turnaround under CEO Marissa Mayer. The fallen internet giant's businesses include online content such as sports and news coverage as well as advertising technology.
Earlier this year, Verizon spent $4.4 billion on acquiring AOL, another digital content and advertising platform, and it is pushing Go90, a mobile-first, advertising-driven video service targeted at millennials. The service launched this autumn.
Following its acquisition by Verizon, AOL spent $238 million (including debt) on acquiring Millennial Media, another mobile advertising firm.
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Richard Handford
Richard is the editor of Mobile World Live's money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...
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