Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Verizon sees considerable opportunities to partner with media companies, but recent rumours that it is looking to acquire AOL now look unlikely to come to anything.
“AOL, along with lots of other media companies, are potential [candidates] for us to do partnering with, on a commercial basis or whatever,” said Verizon CEO Lowell McAdam, in an interview at the Citi 2015 Global Internet, Media & Telecommunications Conference that was shared on the U.S. telco’s Website.
“To say that we’re having significant acquisition discussions is really not accurate,” he said.
McAdam’s comments came in the wake of a Bloomberg report earlier on Tuesday that indicated Verizon is holding talks with AOL that could lead to a takeover deal or joint venture of some kind.
Unnamed sources told the newswire that Verizon has approached the digital media company and the pair are holding talks. Original post at Total Telecom