Verizon CEO confirms interest in buying Yahoo

Verizon Communications chairman and CEO Lowell McAdam spoke with Jim Cramer of CNBC’s”Mad Money” on Friday, and confirmed the company is considering a bid for Yahoo. McAdam previously announced the company’s strategy as being broken into three tiers: having great connectivity, owning platforms to drive traffic to its network, and owning content that supports its ecosystem.

Source: Verizon CEO confirms interest in buying Yahoo