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Verizon May Acquire Yahoo: CEO Lowell McAdam

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Verizon May Acquire Yahoo: CEO Lowell McAdam

Verizon, which acquired AOL last year, is now reportedly interested in taking on Yahoo as well. Verizon’s CEO Lowell McAdam revealed the interest while talking about its AOL acquisition in an interview with Jim Cramer on CNBC’s Mad Money.

“We said we would look at it (Yahoo’s acquisition),” McAdam said. “We have to understand the trends that we’re seeing in some of their results now. At the right price, I think marrying up some of [Yahoo’s] assets with AOL…would be a good thing. One of the things we did [with AOL] was to keep it separate from the core company. We have been feeding information from out mobile subscribers into the AOL engine. We’ve only had it six months at this point…I don’t want to declare victory; we’ve got a long way to go. Perhaps some things from Yahoo might make sense. I think we can turn [AOL] into something special,” said the interview conversation.

The rumors began back in December when Wall Street Journal broke the story. Later, in an interview to Washington Post, Verizon CFO Fran Shammo too said, “If Yahoo is right,” Verizon could be interested in a potential acquisition the same.

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

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