AOL's Armstrong pitches Yahoo deal to investors, report says

Discussion in 'Growing and Managing a Business' started by Jerlene, Oct 13, 2011.

  1. Jerlene

    Jerlene
    uix_expand uix_collapse
    Active Member

    Joined:
    Feb 3, 2011
    Messages:
    1,415
    Likes Received:
    176
    Armstrong believes a merger between AOL and Yahoo could end up saving the companies up to $1.5 billion by eliminating redundant efforts in data centers and news sites, another source told Reuters.

    While both companies have some valuable assets such as huge user bases, they both have failed to keep up with Internet trends and are suffering from declining sales.

    Adding to the intrigue is a report that Yahoo co-founder Jerry Yang is looking to take the company private in an equity deal that could see Yahoo selling off its international assets, paying off debt, and then focusing on its U.S. operations.

    Read more here: http://news.cnet.com/8301-1023_3-20...to-investors-report-says/?tag=mncol;cnetRiver
     

Share This Page