Will CBS set its sights on Verizon? [telecom]

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by David Lieberman

Would CBS Consider A Deal With Verizon Now That Viacom Is Off The Table?

A CBS deal with Viacom appears dead - but there's some speculation this afternoon that another company that begins with a "V" might be up next: Verizon.

Shortly after noon ET investors sent CBS shares up 4.5% from the lows it hit after the Viacom news broke when the New York Post reported that the telco is "poking around."

Its interest was "piqued" by AT&T's $85 billion deal to buy Time Warner.