Verizon wrote a cheque for the supplier of beer mats during the 90s AOL last year and according to Bloomberg, the wireless telecom giant has tasked AOL CEO Tim Armstrong with figuring out how to buy Yahoo.
Yahoo is currently working out how to spin off its core businesses and keep the original company as a holding entity for the Alibaba shares. The company explained that the tax climate for spinning off Alibaba holdings was simply unfavourable for investors.
CEO Marissa Mayer also noted that the move would give more “transparency” to the operations of Yahoo’s core businesses, and analysts believed that implied Yahoo would be selling itself off bit by bit.
Verizon’s huge user base and mobile video ads would likely bring in quite a lot of revenue if it bought the company. It also needs to get its feet under the table of the online video scene.