Verizon Exec Says They’re Unsure About Yahoo Deal

Yahoo is definitely no longer the internet darling it once was, and it seems that a recent spate of hacks did not do the company any favors. In fact for a moment Yahoo looked like they were going to be given a lifeline by Verizon, but like we said the hacks did them no favors, and a report from last month hinted that Verizon could be thinking twice about the acquisition.

Unfortunately for Yahoo, things don’t look like they have changed. Speaking at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas, Marni Walden, president of product innovation and new businesses at Verizon was quoted as saying, “I can’t sit here today and say with confidence one way or another because we still don’t know.”

Neither Walden nor Verizon have come right out and said that the deal is dead in the water, but the fact that they can’t seem to commit certainly does not bode well for Yahoo. When asked about a possible time-frame, Walden said, “We think it will take weeks at least, we don’t have a desire to have it drag on forever, that’s not our intent.”

While it seems like Verizon doesn’t seem too enthusiastic about moving forward with the deal, AOL Chief Executive Tim Armstrong spoke to CNBC in which he said that he thinks the deal will most likely go through. When exactly will we know remains to be seen, so we guess we’ll just have to wait and see.

Tyler Lee
Categories: General
Tags: Verizon, Yahoo