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Former Yahoo CEO Says Verizon/AOL Is A 'Perfect Fit'

Former Yahoo CEO Says Verizon/AOL Is A 'Perfect Fit'

Verizon Communications Inc. (NYSE: VZ)/AOL, Inc. (previously traded (NYSE: AOL)) would be a "perfect fit" for Yahoo! Inc. (NASDAQ: YHOO), former Yahoo interim CEO Ross Levinsohn told CNBC.

The comments came as final bids for Yahoo's core assets are due Monday.

"I think it is an absolute perfect fit for Verizon/AOL. The team at Verizon have really put stakes in the ground to drive to the digital future. With the company having resources like VZ, not just cash, but distribution, phones, stories that to me seems to be a natural fit," Levinsohn told on CNBC.

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"That said, I don't think it is slam dunk and easy inside the big giant a public company to do all the hard work that has to get done. But, it is super hard to do in public settings," Levinsohn continued.

He stressed, "If anyone can do, it is Tim, and that said, let those private equity guys jump in there and they will clean up things really quickly."

At the time of writing, shares of Yahoo were up 0.64 percent on the day to $37.96, while Verizon had gained 0.2 percent to $55.95.

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Latest Ratings for VZ

Jul 2019DowngradesBuyNeutral
May 2019DowngradesBuyNeutral
Dec 2018DowngradesOverweightEqual-Weight

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