by Todd Spangler
May 22, 2017
The long and tortuous sale of Yahoo’s internet business to Verizon is expected to close around the middle of June, according to Verizon chairman and CEO Lowell McAdam.
And once the deal is completed, Verizon would use the combination of Yahoo and AOL — with a total of 1.3 billion users — as the “platform… to test out an over-the-top service,” said McAdam, speaking at J.P. Morgan’s Global Technology, Media and Telecom Conference in Boston.
The exec didn’t provide any additional details on a possible OTT offering, which would be in addition to the telco’s Go90 ad-supported mobile video service. Verizon has reportedly been mulling an internet-delivered skinny bundle offering, akin to AT&T’s DirecTV Now and Dish Network’s Sling TV.
Verizon is paying the NFL some $21 million for rights to the Sept. 24 regular-season game between the Baltimore Ravens and Jacksonville Jaguars in London, and the telco will stream the game live across its portfolio of video platforms including AOL, Yahoo, Fios TV, Go90 and Complex.com. “That all goes to the AOL-Yahoo strategy,” McAdam said, meaning Verizon expects to amplify the distribution of the NFL live-stream across a large global audience.