Verizon's CEO Lowell McAdam shrugged off a rumor that said Verizon was acquiring AOL and other media companies.

McAdam said AOL and other companies could be interesting companies to "do business with" in the future but denied the acquisition rumor, Bloomberg reports.

Originally, Bloomberg reported Verizon had approached AOL about an acquisition. The acquisition was designed to help Verizon expand its mobile video segment, a growing and important area for wireless phones today.

CNBC then reported on Tuesday that McAdam denied that rumor but said a partnership with a company like AOL or another media company could be possible as AOL could help Verizon gain the digital attention they need.

"Verizon needs a digital response, and AOL has shown the best strategic foresight of navigating the digital-video world," Laura Martin, a senior analyst at Needham & Company, told Bloomberg. "Verizon can buy or build that, but it's unlikely to build it fast enough."

Washington Post's Brian Fung likes the idea of AOL and Verizon getting together. He said more online videos would come from the partnership and likes that AOL owns Huffington Post and TechCrunch. According to Fung, this is all a good thing for Verizon.

AOL has not exactly been a major player in the Internet world lately. They still provide dial-up services to about 2 million people, but they have not made much of a splash in the tech world as of recent.

What AOL does do well is advertising. They are one of the best in the business, and they make a ton of ad revenue. If Verizon can get together with them, they will reap the benefits of AOL's advertising talents, TIME reports.

For now, it's a sit-and-wait game to see if any partnership comes about. It may have just been a rumor, and McAdam's denial of it could be the end. Though, there could be more to it. Stay tuned.

Do you think AOL and Verizon should get together? Why or why not? Leave us a message below and let us know what you think.

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