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.
Thursday Sector Leaders: Rental, Leasing, & Royalty, Defense Stocks
Related symbols: SDT, ROYT, ARTX, ASTC
Thursday Sector Laggards: Biotechnology, Music & Electronics Stores
Related symbols: CUR, ATNM, HGG, CONN
Wednesday Sector Leaders: Electronic Equipment & Products, Oil & Gas Exploration & Production Stocks
Related symbols: WTT, CRK, AREX
Thursday's ETF with Unusual Volume: GURU
Related symbols: GURU, MU, AAPL, MDLZ
Thursday's ETF Movers: GDX, XBI
Related symbols: HMY, IAG, KITE, NVAX, XBI, GDX
VYM, PSAU: Big ETF Outflows
Related symbols: VYM, PSAU, MSFT, GE, G, ABX
Daily Dividend Report: SCS, NI, PMT, SCHL, BANR, TCFC
Related symbols: SCS, NI, PMT, SCHL, BANR, TCFC
Daily Dividend Report: AXP, HRL, WERN, ENSG
Related symbols: AXP, HRL, WERN, ENSG
Daily Dividend Report: IBOC, HAFC, LOW, THO, MYCC
Related symbols: IBOC, HAFC, LOW, THO, MYCC
Weekly Market Wrap: March 13, 2015
Related symbols: BAC, AAPL, MSFT, FXCM
Weekly Market Wrap: March 6, 2015
Related symbols: BAC, AAPL, C, CHK, SPLS, AMGN
Weekly Market Wrap: February 27, 2015
Related symbols: BAC, AAPL, JCP, GE, CMCSA
Week Ahead Market Report: March 23, 2015
Related symbols: AAPL, BAC, PFE, MKC, RHT, ACN, CCL
Week Ahead Market Report: March 16, 2015
Related symbols: AAPL, BAC, F, ADBE, GIS, TIF
Week Ahead Market Report: March 9, 2015
Related symbols: AAPL, BAC, AA, DG, VALE
All videos » |
Stock market definitions »
AOL CEO Reportedly Pushing for Yahoo Merger
| Market News Video | Copyright © 2008 - 2015, 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.