Verizon appears closer to scooping up Yahoo, a move that would place an even larger slice of the internet under the internet provider's umbrella. Tim Armstrong, CEO of Verizon subsidiary AOL, is now in charge of a potential acquisition of the old tech giant's assets, according to a report from Bloomberg today. There haven't been any discussions between the two companies, and Verizon hasn't yet involved bankers to help craft an offer, the report adds. Yet the involvement of Armstrong, who was instrumental in AOL's acquisitions of The Huffington Post and TechCrunch, indicates a more serious effort to buy Yahoo may be underway.
The move would mirror Verizon's $4.4 billion acquisition of AOL last year, and it's part of a larger effort from...
via The Verge
