Oath CEO Armstrong considers buying out of Verizon [telecom]
Oath CEO Armstrong considers buying out of Verizon: Report
By Ben Munson
Oath CEO Tim Armstrong is reportedly considering buying out of Verizon and spinning out Oath, the combined entity of AOL and Yahoo, as a standalone company.
According to The Information, talks between Armstrong and Verizon aren't currently underway, but interest in separating Verizon and Oath is still present. While Armstrong reportedly wants Oath to be a standalone company, other investors are pushing for a private equity funded buyout where Verizon stays on as a shareholder.
Posted 5 years ago by Bill Horne in General Telecommunications Forum
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