Oath CEO Armstrong considers buying out of Verizon [telecom]

Jul 09, 2018 0 Replies
Oath CEO Armstrong considers buying out of Verizon [telecom] open original image

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.



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