We Would Consider Buying Yahoo, Says CFO of Verizon Comms

We Would Consider Buying Yahoo, Says CFO of Verizon Comms

As the future of former Web giant Yahoo! Inc. remains uncertain, the Chief Financial Officer of Verizon Communications, Fran Shammo, has said that his company would consider acquiring Yahoo if the deal ticked a number of vital monetary boxes.

At an investor conference in New York City today, Shammo acknowledged the current uncertainty of Yahoo’s plans, but revealed that Verizon would investigate should the former be put up for sale.

Bloomberg has reported Shammo telling the UBS Global Media and Communications Conference: “If we see there is a 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”.

Yahoo directors have been mulling over spinning off the company’s stake in the Chinese e-commerce titan Alibaba and selling its core Web businesses. In an interview after speaking to the conference, Shammo further insisted that “we don’t know what Yahoo’s board will decide. It’s too early to know”.

Benjamin Kerry
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Benjamin Kerry is an Executive Partner at Mindfield Digital, Content Director and Editor at AppleMagazine, Techlife News and eNews Magazine and CEO of Precise English; a copywriting agency that specializes in content and SEO.
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