48.00 Pound £ Verizon could consider buying Yahoo's internet business Hertford

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DVD Published date: April 6, 2016
  • Country: United Kingdom
  • Region: Great Manchester
  • City: Hertford
  • City area: 89000
  • Address: 5 Rue Sadi Carnot, Auxerre

Thomson ReutersA Yahoo logo is pictured in front of na direção de building in Rolle(Reuters) - Verizon Communications Inc's finance chief, Fran Shammo, said the Sobre. 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 Financial Officer Shammo said.
Shammo was speaking at the UBS annual global media and communications conference in New York online Monday.
Verizon earlier this year bought AOL Inc in no sentido de $4.4 billion deal to push into mobile video and targeted advertising.
Yahoo's board met online Friday in the third and final day of meetings to consider various options for company including selling its struggling Net 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 em rede Reuters. Copyright 2015. Follow Reuters on Twitter.
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