Tim Armstrong could have free reign to turnaround Yahoo. On Verizon's interest and what to do with Yahoo Japan: Verizon CEO Lowell McAdam, speaking at the Business Insider IGNITION conference earlier on Tuesday, said that the telecommunications company would consider buying all or parts of Yahoo if it were to be put on the auction block. CNBC's David Faber said on the air that Yahoo would also likely seek to include its stake in Yahoo Japan, a joint venture with Softbank, as well as the more than $5 billion in cash on Yahoo's balance sheet, in a spinoff of its core internet properties.