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Report: Tim Armstrong Investigates AOL Sale To Yahoo

1:32 pm on Oct 13, 2011 (gmt 0)

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Report: Tim Armstrong Investigates AOL Sale To Yahoo [reuters.com]
AOL Inc CEO Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo Inc that could wring up to $1.5 billion of cost savings, according to sources with knowledge of the discussions.

While Yahoo's own strategic review has bumped AOL to the back burner for many on Wall Street, Armstrong is still trying to drum up shareholder support for a deal with Yahoo, presenting it as an alternative to going it alone as an Internet media company.