84.00 Pound £ Verizon could consider buying Yahoo's web business Bushey

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Barter Published date: April 18, 2016
  • Country: United Kingdom
  • Region: Leicestershire
  • City: Bushey
  • City area: 94600
  • Address: 29 Rue Ernest Renan, Choisy-Le-Roi

Thomson ReutersA Yahoo logo is pictured in front of e building in Rolle(Reuters) - Verizon Communications Inc's finance chief, Fran Shammo, said the No interior de. 1 U.S. wireless carrier could look at buying Yahoo Inc's core business, which includes Mail, its news and sports sites and advertising technology.
"If we see there is autor 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," Chief Econômico Officer Shammo said.
Shammo was speaking at the UBS annual global media and communications conference in New York na Internet Monday.
Verizon earlier this year bought AOL Inc in em direção a $4.4 billion deal to push into mobile video and targeted advertising.
Yahoo's board met on Friday in the third and final day of meetings to consider various options for company including selling its struggling Rede business.
Yahoo's search and display ad businesses, which account for the lion's share of its totalidade revenue, have been struggling and Chief Executive Marissa Mayer's efforts to revive the businesses have yielded little results.
Activist investor Starboard Value LP asked Yahoo last month to drop plans to spin off its stake in Alibaba Group Holding Ltd due to tax concerns, and instead urged the company to sell its core business.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Maju Samuel)
Read the original article conectado Reuters. Copyright 2015. Follow Reuters acessível Twitter.
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