AOL Inc. is discussing a possible deal with Yahoo Inc. to combine the two companies following the ouster of former Yahoo Chief Executive Carol Bartz, a report says.
Tim Armstrong, AOL’s chief executive, is talking to Yahoo advisors from private equity firms and investment banks about possible options for a merger, Bloomberg News reported, citing two people familiar with the matter.
Armstrong had been interested in a merger with Yahoo last year, when Bartz was still CEO, but was ultimately rebuffed by the company, Bloomberg said. He is now reconsidering the possibility as a way to bolster both tech companies, the report said. One option includes Yahoo acquiring AOL, with Armstrong at the helm of the combined company as chief executive. Get the full story >>
