AOL and Yahoo reported to be in merger talks
Posted in: Miscellaneous at 10/09/2011 18:45
AOL and Yahoo, fallen giants of the first age of the internet, are reportedly discussing a merger. The news comes after Yahoo axed chief executive Carol Bartz earlier this week.
AOL's chief executive Tim Armstrong has approached Yahoo's advisers to gauge its interest in combining the companies, Bloomberg reported. Armstrong has reportedly approached investment bankers from Allen & Co. who are working with Yahoo.