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"If
we see there is a strategic fit and it makes sense for our
shareholders and we can return value, I mean we'll look at it,
but at this point it's way too premature to talk about that
one," Shammo said.
Verizon's Shammo was speaking at the UBS annual global media and
communications conference in New York on Monday.
Yahoo's "board and investors have not decided what they're going
to do with that asset," Shammo said. "I think right now they are
trying to figure out exactly what they are going to do."
Earlier this year, Verizon bought AOL Inc <AOL.N> in a $4.4
billion deal to push into targeted advertising and mobile video.
In October, it launched an ad-supported mobile video streaming
service go90 targeted at millennials to tap new revenue.
Yahoo declined to comment.
Yahoo's board met on Friday in the third and final day of
meetings to consider various options for company including
selling its struggling Internet business.
Yahoo's search and display ad businesses, which account for the
lion's share of its total revenue, have been struggling and
Chief Executive Marissa Mayer's efforts to revive the businesses
have yielded little results.
Activist investor Starboard Value LP asked Yahoo last month to
drop plans to spin off its stake in Alibaba Group Holding Ltd <BABA.N>
due to tax concerns, and instead urged the company to sell its
core business.
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