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.

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