“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?
What is an aol?
It’s the company that owns the Huffington Post.
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.
Fake sugar would have to exit through my nose anyway. No Coke, no diet- Pepsi.
It will be called “YaY! Who?”
American Yaholes.
Paraphrasing Gruber, it’s like piling your dishes in the toilet to solve your dishwashing problem. Brings new meaning to “piling on”!-)
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……
exactly. Somehow “Google” seems adult and dignified next to exclamation-point-ending yodeling “YAHOOOOOOO!”
This just in:
Titanic Revises Business Plan: Declares Itself a Submarine
Funniest comment ever.
LOL! =D
I like. Lol
WT: LMAO!
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!
Used to Was, Inc. + Lame Ass, Inc. = An Even Bigger Pack o’ Losers
Like tying two rocks together and expecting them to float.
Now that’s funny!
Does the sinking of two Titanics go faster if they hold on to each other?
Didn’t AOL just buy the Huffington Post? They must have a pile of cash floating around.
Two wrongs don’t make a right! AOL was good in it’s day & Yahoo was good until they forced an update, so I don’t see much hope for either.
Yeah, where are they getting money? Since the people who use them don’t have to pay anymore, where’s the cash from?
CNBC is reporting that a “source close to Yahoo says no interest in a deal with AOL.”
It’s on CNBC, the same people who told you Lehman Bros was solid two says before they went banckrupt!
A marriage made in heaven!
On second thought, since Time Warner now owns AOL (they may have called it a “merger”, but who is anybody kidding?), merging with AOL would be like getting sucked into a giant black hole, never to be seen or heard from again.
Had a girlfriend like that. Take that anyway you like.
AOL looks more like SOL.
According to Kara Swisher, Rushe made that up and his “sources” are completely fictional. She just put out an article stating his is fake news, contrived only for his favorite financiers. Of course, Swisher knows everything about it all and is the only reliable, honest source of information about this. Why would you repeat a made up Rushe lie like that?
Maybe it’s time to charge Rushe with market manipulation. If this fake news results in an uptick in stock prices followed by a sell-off, it’s time to throw him in jail and ask a lot of questions about who benefitted.
China gets this right: they just shoot people for pulling stunts like this.