NEW YORK: Lowell McAdam, Chief Executive Verizon Communications Incorporation said the company is not planning any major acquisitions, following a report that Verizon had approached AOL Incorporation for a potential deal.
McAdam said I think AOL along with lots of other media companies are potential for us to do partnering, on a commercial basis or whatever.
Further he added but to say that we are having significant acquisition discussions is really not accurate.
Verizon was trying to sign an acquisition or joint venture deal with the digital media company to expand its mobile video offerings.
