(credit: Scott Schiller)
Verizon, which acquired AOL last year, is now reportedly interested in taking on Yahoo as well.
According to Bloomberg, the wireless telecom giant has tasked AOL CEO Tim Armstrong with figuring out how to make it happen.
As Ars reported late last year, Yahoo announced that it would reverse course and not sell its Alibaba investment. Rather, the board of directors said Yahoo would now work to spin off its core businesses, keeping the original company as a holding entity for the Alibaba shares. The company explained that the tax climate for spinning off Alibaba holdings was simply unfavorable for investors. CEO Marissa Mayer also noted that the move would give more “transparency” to the operations of Yahoo’s core businesses, and analysts believed that implied Yahoo would be selling itself off bit by bit.
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