AfterDawn: Tech news

Update: Yahoo! says no to AoL merger talks

Written by Andre Yoskowitz @ 11 Sep 2011 2:45 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
Previous Next  

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 00:22

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.

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive