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Verizon CEO on AOL Acquisition Rumors: Nope

by Todd Haselton | January 6, 2015January 6, 2015 6:30 pm PDT

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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 PostEngadgetTech CrunchAutoblogJoystiq and others, but he said, currently, Verizon is more focused on aggregating content than owning it.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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