After AOL, Verizon looking to buy Yahoo for its billion strong user base
America's largest carrier isn't stopping here, though, and rumors have started swirling that it plans to scoop up another dimming star from the dawn of the Internet age - Yahoo. The aging Internet portal still has a huge user base, which is what Verizon might be after, and has been looking to spin off its core business, keeping the parent company only as a holder for Yahoo's precious stake in Alibaba, which recently made the world's largest IPO, valuing Yahoo's shares at about $30 billion at current prices.
What would Verizon get if the Alibaba shares stay with Yahoo? Well, the one billion strong Yahoo user base is a potentially big profit generator to serve video and other ads to, and Verizon is pushing adamantly to corner the video realm while it can, introducing free streaming services like Go90, which don't count against your data cap. In any case, Verizon's CEO has allegedly tasked the AOL chief to explore the Yahoo venue, and an offer might come pretty soon, it seems.