Verizon enlists AOL CEO to explore Yahoo deal: Bloomberg

February 8, 2016 8:35 PM

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Verizon Communications Inc (VZ.N) has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's (YHOO.O) 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.

Also read: Yahoo stumbles again in 3Q, raising stakes on Verizon deal

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