AOL and Yahoo reported to be in merger talks

“AOL and Yahoo, fallen giants of the first age of the internet, are reportedly discussing a merger,” Dominic Rushe reports for The Guardian. “The news comes after Yahoo axed chief executive Carol Bartz earlier this week.”

“AOL’s chief executive Tim Armstrong has approached Yahoo’s advisers to gauge its interest in combining the companies, Bloomberg reported,” Rushe reports. “Armstrong has reportedly approached investment bankers from Allen & Co. who are working with Yahoo.”

Rushe reports, “Armstrong reportedly teamed up with several private equity firms to make an approach to Yahoo last year but was rebuffed by Bartz. Yahoo was courted by Microsoft in 2008 but rejected a $47.5bn (£30bn) offer. The firm was worth $80bn in its heyday and is now worth just over $17bn.”

Read more in the full article here.

MacDailyNews Take: Who’s catering those talks, Webvan?

 

29 Comments

  1. MacDailyNews Take: “Who’s catering those talks, Webvan?”

    Now that is some funny shit! You owe me a new keyboard and monitor cause you just made me spit Diet Coke all over the place.

    Diet Coke out the nose is not fun.

  2. Oh yeah, that’s gonna fix everything for two broken companies.

    FWIW, AOL’s the better brand name. I’ve never been able to make myself get serious about any info emanating from something called Yahoo! for its entire lifetime. My biggest objection, in fact. So the old yodeling commercials just made me hate it more……

  3. That’s an awesome idea! Armstrong as the cunning CEO of YAhOL; Arianna in charge of their new OMG News site, covering celebrity politics; and Arrington could do a combo finance\tech page where he promotes start-ups he’s invested in. Then YAhOL could buy them up and let them rot like those other ventures they eventually shuttered after paying millions. Tim’s getting that down right now. It’s a win-win for the loser-loser team!

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