Verizon is seeking expertise in online content, mobile video and advertising, according to one of the Bloomberg sources. The programmatic ads platform could be paired with a future online-video product, Bloomberg said, quoting two people familiar with the matter. Read More Are AOL and Yahoo really thinking again about merging? Last year, activist investor Starboard Value urged Yahoo to consider a strategic combination with AOL to save more than $1 billion in costs. Verizon and AOL declined to comment on the report. — CNBC contributed to this report.