AOL CEO Reportedly Pushing for Yahoo Merger Thursday, October 13, 10:51 AM ET
AOL) CEO Tim Armstrong is reportedly pushing the idea of selling his company to Yahoo (NASDAQ: YHOO).
Reuters reports that Armstrong has been meeting with top shareholders in the past couple of week to sell the idea.
Reuters said Armstrong is saying a merger could result in $1 billion to $1.5 billion in cost savings, from overlapping data centers and duplicate news sites.
Further, Armstrong is suggesting to top shareholders that a tie-up with Yahoo would please advertisers looking for a bigger audience.
Reuters noted that AOL has been struggling to compete for ad dollars with Facebook and Google (NASDAQ:
Yahoo itself is exploring its strategic alternatives, and Microsoft (NASDAQ:
MSFT) is seen as a front-runner in a potential acquisition.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Friday Sector Laggards: Biotechnology, Aerospace & Defense Stocks
Related symbols: PSTI, PBYI, TDG, TGI
Friday Sector Leaders: Shipping, Agriculture & Farm Products
Related symbols: NM, SBLK, UAN, CRESY
Thursday Sector Laggards: Music & Electronics Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: RCII, CONN, ZEUS, AKS
Friday's ETF with Unusual Volume: KBWR
Related symbols: KBWR, TCB, FHN, WTFC, HBHC
Friday's ETF Movers: SOXX, XBI
Related symbols: SWKS, CRUS, PBYI, SGYP, XBI, SOXX
XLP, DXJR: Big ETF Outflows
Related symbols: XLP, DXJR, PG, KO
Daily Dividend Report: ED, WEC, SLB, TXN, DFS
Related symbols: ED, WEC, SLB, TXN, DFS
Daily Dividend Report: VNO, CMS, PSXP, TLLP, KMI
Related symbols: VNO, CMS, PSXP, TLLP
Daily Dividend Report: O, LLTC, FAST, NTRS, MTX
Related symbols: O, LLTC, FAST, NTRS, MTX
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
AOL CEO Reportedly Pushing for Yahoo Merger
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.