Earlier this week, Bloomberg suggested that Verizon Communications is interested in acquiring AOL. Now, speaking during a Citi conference in Las Vegas, Verizon Communications CEO Lowell McAdam pretty much shot down those rumors, even laughing them off, according to CNET.
“We will be more of a partner with media companies rather than doing an acquisition,” McAdam explained. “AOL along with lots of other media companies are potential partners for us. But to say we are having significant acquisition discussions is really inaccurate.” That suggests that, sure, Verizon may have been talking to AOL about something, but probably not actually about picking up the firm.
McAdam and Verizon may be interested in AOL’s large base of media publications, such as the Huffington Post, Engadget, Tech Crunch, Autoblog, Joystiq and others, but he said, currently, Verizon is more focused on aggregating content than owning it.