AOL-Yahoo to join hands soon?

Saturday, September 10, 2011, 15:11 [IST]

New York, Sep 10: Tim Armstrong, AOL Chief Executive approached private equity firms to gauge interest in a deal with Yahoo and make Armstrong the head of the company, according to a report in Bloomberg.

A source close to Yahoo said that the company had no interest in tying up with AOL, revealed a CNBC report.

The shares of AOL closed down by 5.35 percent at $14.72 while Yahoo advanced slowly by 0.3 percent to $14.48.

However both AOL and Yahoo refused to comment.

Clay Moran, benchmark analyst also said that AOL investors were upset that Yahoo was not looking forward to a deal.

OneIndia News

Topics: yahoo, aol, usa

Other articles published on September 10, 2011

Yahoo! up for sale? CEO firing part of shedding weight?

Thursday, September 8, 2011,16:16 [IST]

London, Sept 8: With the CEO of Yahoo, Carol Bartz getting fired dramatically over the phone, and being temporarily replaced by Tim Morse, the internet services company is headed for tough times ahead. Rumours are rife that the company could be sold before it appoints a new chief executive officer. There were earlier attempts by software giant Microsoft to buy Yahoo in 2008 for a whopping 45 billion dollars and it is believed that they will come up with.....

Yahoo CEO Carol Bartz fired over the phone

Wednesday, September 7, 2011,9:15 [IST]

San Fransisco, Sep 7: Carol Bartz, Yahoo CEO has been fired and replaced with Tim Morse, Chief financial officer, ending Bartz's two year tenure, said Yahoo Inc.In an article in The Wall Street Journal, Bartz in an email to the employees informed that she was fired over the phone by Chairman Roy Bostock."I am very sad to tell you that I've just been fired over the phone by Yahoo's Chairman of the Board. It has been my pleasure to work with all of.....

Limitless Updates

Technology News

News Archives

Yahoo MoviePlex - Watch latest Bollywood movies for free

Tuesday, August 16, 2011,18:00 [IST]

Mumbai, Aug 16: It's your time to watch latest Bollywood movies free of cost and that's with your family at home!! No, we're not talking about old films available on DVDs or cable channels - it's brand new Bollywood movies. Here comes Yahoo MoviePlex - your next destination for latest movies.Yahoo India announced the launch of MoviePlex, internet service that allows users to enjoy licensed full-length movies for free. Yahoo said that it will collaborate with movie production houses to bring.....

US search shares: Google dips, Yahoo gains

Wednesday, August 10, 2011,16:29 [IST]

San Francisco, Aug 10: The latest data from the United States search market found that the global giant Google lost some of its shares to rival Yahoo.The data revealed by online research firm ComScore found that Google's share in United States search market declined to 65.1 per cent in Jul from 65.5 per cent in Jun 2011. Meanwhile, Yahoo rose to 16.1 per cent from 15.9 per cent in the same period.Another search engine, Microsoft's Bing did not gain any market share between.....