01/05/2015 10:45 pm ET Updated Jan 06, 2015

Verizon Said To Approach AOL For Possible Takeover, Venture


Verizon Communications Inc. has approached AOL Inc. (AOL) about a potential acquisition or joint venture with the Internet company to expand its mobile-video offerings, people with knowledge of the matter said.

Verizon hasn’t made a formal proposal to AOL, and no agreement is imminent, said the people, who asked not to be named because the discussions are private.

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