Verizon could consider buying Yahoo’s Internet business
Summary of article:
Verizon is a top wireless internet base company that is expanding their markets globally. They are seeking to buy Yahoo’s Inc’s core business that has features of mail, news, and sports, and advertising tech and incorporating it into Verizon. Although both companies have not made a decision due to them wondering if the idea will be successful. Verizon’s financial officer Franc Shammo does not know if the shareholders will make from profit from revenues of this new idea and it can be a financial risk for both companies. Verizon in previous years has bought AOL Inc and incorporated mobile video streaming that was a success which brought profit for the company. The heads of Yahoo have not made a decision to agree to this because they could potentially have a loss. They have already been struggling in past years in revenues and it may be risk for them to work with Verizon. For both companies they are in the process of making decisions and strategies that bring in increased revenues.
By: Reuters
Published Monday, Dec. 07, 2015
Source: The Globe and Mail
http://www.theglobeandmail.com/technology/tech-news/verizon-could-consider-buying-yahoos-internet-business/article27635169/
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