The most ill-fated romance in the history of tech/media/dumpster fire M&A looks like it's finally ready to give into its fate.
A senior executive of Verizon Communications Inc. said on Thursday the company was unsure about its planned acquisition of Yahoo Inc's internet business.
"I can't sit here today and say with confidence one way or another because we still don't know," Marni Walden, president of product innovation and new businesses, said at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas.
Sure, the market is acting like a horned-up teen with prom coming up on January 20th, and that makes everyone come over all hot and bothered for more M&A activity, but what is Verizon supposed to do?
It fell into this relationship with Yahoo because the purple kingdom was a former sexpot with troubles, and Verizon just knew that it could fix what ailed her. Sure, the warning signs were there all along like the smoldering media business, her "Layoff Wednesdays" habit, the Alibaba shares that she didn't want to...share. And of course there was the whole weird cabal of enablers hanging around like red flags with mustaches on them, but Verizon wasn't ready to give up just yet. But when the cops let you know that bae has let literally a billion hacks go down and tried to keep it quiet, you just can't roll over in bed at night and see the future so brightly...
However, Walden added that the merits of the deal still made sense.
You got to let it go, Verizon. You can't change someone who doesn't want to change.