Verizon approaches AOL on potential deal - Bloomberg

(Reuters) - Verizon Communications Inc approached AOL Inc about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter. Verizon has not made a formal proposal to AOL, and no agreement is imminent, Bloomberg said, citing people who asked not to be named. AOL shares jumped 12 percent to $50.05 after the bell. A spokesman for Verizon declined to comment. A joint venture, if formed, would focus on advertising tech