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 Leaders: Medical Instruments & Supplies, Metals Fabrication & Products
Related symbols: IVC, MMSI, APT, TREX
Friday Sector Laggards: Education & Training Services, Shipping Stocks
Related symbols: EDMC, ESI, DRYS, SB
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Friday's ETF with Unusual Volume: BBH
Related symbols: BBH, GILD, CELG, BMRN, NPSP
Friday's ETF Movers: ILF, GDXJ
Related symbols: PBR.A, SID, GBU.CA, TRX, GDXJ, ILF
XLV, HDG: Big ETF Outflows
Related symbols: XLV, HDG, JNJ, PFE, FLWS, XXII
Daily Dividend Report: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Related symbols: PFE, BAC, SCHW, MCO, ALTR, JNPR, AJG, POM
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA, DD, TWC, AAL, VLO
Daily Dividend Report: V, ENB, STX, PH, C
Related symbols: V, ENB, STX, PH, C
Weekly Market Wrap: October 24, 2014
Related symbols: DRYS, F, MSFT, AAPL, TWC, V, TROW, MCK, MCK
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Weekly Market Wrap: October 10, 2014
Related symbols: BAC, MU, INTC, GTAT, CAT, WAG, F, KRFT, ALG
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014
Related symbols: BAC, CSX, AAPL, FB, SIRI, C, JPM, INTC, AXP, EBAY, NFLX, AMD, BHI, COF, BK, GE, MS
All videos » |
Stock market definitions »
AOL CEO Reportedly Pushing for Yahoo Merger
| Market News Video | Copyright © 2008 - 2014, 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.