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AT&T, Verizon face off over buying Yahoo!
Michelle Clancy
| 26 May 2016
The two main incumbent telcos (and top IPTV providers) in the US are apparently facing off in a battle to acquire online powerhouse Yahoo.
yahooBloomberg has reported that AT&T has submitted an offer to acquire Yahoo’s Internet business. The news comes after it was leaked that Verizon has expressed interest in combining Yahoo’s enormous online audience with AOL, which the telco acquired last year for $4.4 billion. Bloomberg reported that Verizon was willing to pay between $4 billion and $8 billion.
“We can’t talk about Yahoo ... but that’s a possibility to gain greater scale,” Verizon CEO Lowell McAdam said on Tuesday, speaking at JP Morgan’s Global Technology, Media and Telecom Conference.
Reps for Yahoo, AT&T and Verizon have otherwise declined to comment publically.
Yahoo is a top property, garnering around one billion monthly users. But it has seen declines in revenue and earnings for 2016 as its search and display advertising businesses wane — it officially announced that it would explore a sale of the company in February, despite still making big moves like offering a new service during the 2016 US Major League Baseball (MLB) season offering free live streamed games every day.
Michelle Clancy
| 26 May 2016
The two main incumbent telcos (and top IPTV providers) in the US are apparently facing off in a battle to acquire online powerhouse Yahoo.
yahooBloomberg has reported that AT&T has submitted an offer to acquire Yahoo’s Internet business. The news comes after it was leaked that Verizon has expressed interest in combining Yahoo’s enormous online audience with AOL, which the telco acquired last year for $4.4 billion. Bloomberg reported that Verizon was willing to pay between $4 billion and $8 billion.
“We can’t talk about Yahoo ... but that’s a possibility to gain greater scale,” Verizon CEO Lowell McAdam said on Tuesday, speaking at JP Morgan’s Global Technology, Media and Telecom Conference.
Reps for Yahoo, AT&T and Verizon have otherwise declined to comment publically.
Yahoo is a top property, garnering around one billion monthly users. But it has seen declines in revenue and earnings for 2016 as its search and display advertising businesses wane — it officially announced that it would explore a sale of the company in February, despite still making big moves like offering a new service during the 2016 US Major League Baseball (MLB) season offering free live streamed games every day.
