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Verizon Communications Inc. has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo! Inc. assets, according to a person with knowledge of the situation.
Late last week, and as far back as December, Verizon has said “yes” when asked whether it was interested in purchasing some or all of the struggling company. Report: Verizon Enlists AOL CEO, Armstrong to Explore Yahoo Deal [bloomberg.com]
