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Update: Yahoo! says no to AoL merger talks

Written by Andre Yoskowitz (Google+) @ 11 Sep 2011 14:45 User comments (2)

Update: Yahoo! says no to AoL merger talks Earlier this week, Bloomberg reported that AoL was looking into merging with Yahoo!, with AoL CEO Tim Armstrong looking into the CEO spot recently left by Carol Bartz.
CNBC has now reported that a "source close to Yahoo says no interest in a deal with AOL."

Original story:

Bloomberg has reported that AOL CEO Tim Armstrong has been talking to Yahoo! advisers to gauge any interest in a merger of the two struggling companies.
Over the past few months, AOL has been speaking to private equity firms in an effort to go private while they complete their turnaround efforts.

Armstrong is said to have pushed a merger last year, but newly fired Yahoo! Carol Bartz had rebuffed the talks at the time.

While both companies are in similar markets, Yahoo is worth $18 billion and AOL is worth just $1.6 billion (market value) with declining revenue and losses. AOL has lost $800 million since 2009.

Tags: Yahoo AOL Merger
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2 user comments

111.9.2011 19:44

HAHA AOL, why would yahoo wants you when you don't worth not even close to them

212.9.2011 0:22

It is a match made in heaven...two terrible companies that haven't been relevant since the last millenium. Other than a (very slight) inspiration for Google and Microsoft to keep their search engines working, Yahoo is worthless...AOL doesn't even have that much.



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