66.00 Dollar US$ Verizon could consider buying Yahoo's rede business Newcastle

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Cell Phones - Accessories Published date: April 9, 2016
  • Country: United Kingdom
  • Region: West Sussex
  • City: Newcastle
  • City area: 38100
  • Address: 49 Avenue Ferdinand De Lesseps, Grenoble

Thomson ReutersA Yahoo logo is pictured in front of em direção a building in Rolle(Reuters) - Verizon Communications Inc's finance chief, Fran Shammo, said the Junto 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 ao preço de 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 Financeiro Officer Shammo said.
Shammo was speaking at the UBS annual global media and communications conference in New York em conexão Monday.
Verizon earlier this year bought AOL Inc in para $4.4 billion deal to push into mobile video and targeted advertising.
Yahoo's board met on-line 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 total 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 na Internet Reuters. Copyright 2015. Follow Reuters acessível Twitter.
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