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Verizon enlists Aol Ceo to explore Yahoo deal: Bloomberg

2016-02-08 22:36:50| IT Services - Topix.net

Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets, Bloomberg reported, citing a person with knowledge of the situation. Verizon, the largest U.S. wireless carrier, hasn't hired bankers to conduct an offer and there have been no formal talks, according to the report.

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