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Verizon May Target Disney For Takeover

Verizon Communications Inc. (VZ) is considering The Walt Disney Co. (DIS) as a takeover target, according to The New York Post. The huge telecom company and wireless carrier has already snapped up AOL and Yahoo! as part of a plan to consolidate content assets, particularly those which contain video. The move would also allow Verizon to keep up with AT&T Inc. (NYSE: T), which recently bought Time Warner Inc. (TWX).

One rumor making the rounds last week was that Verizon may be eyeing a Disney purchase. While that sounds fantastical, a well-placed banker told On the Money not to count...