AOL reported to discuss merger with Yahoo
时间：2011-09-10 05:50:38
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SAN FRANCISCO, Sept. 9 (Xinhua) -- AOL's chief executive officer (CEO) Tim Armstrong has reached out to Yahoo for talks of a merger1 of the two companies, U.S. media reported on Friday.
Armstrong is discussing options for a combination aimed at strengthening the two Internet companies, Bloomberg quoted two people who are familiar with the matter as saying.
The report said that the AOL CEO had been interested in a merger with Yahoo last year but was rejected while Carol Bartz served as Yahoo CEO, who was
ousted2 by Yahoo's board on Tuesday.
Reconsidering the option after Bartz's departure, Armstrong has talked with private
equity3 firms and investment bankers from Allen & Co. working with Yahoo.
Under one
scenario4 being considered, Yahoo would acquire AOL and Armstrong would become CEO of the combined company, said the source.
Both Yahoo and AOL are suffering from declining revenues, struggling to compete against companies like Google and Facebook. Some
analysts5 said that the merger could not provide a long-term solution to the problems the two companies face after they failed to keep up with Internet trends.
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