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Yahoo shareholders push for AOL merger - report

Wednesday 12 November 2014 | 09:50 CET | News
At least two of the top ten Yahoo! shareholders are so unhappy with CEO Marissa Mayer's turnaround efforts that they are making a direct plea to AOL CEO Tim Armstrong to explore a merger and run the combined company, Reuters reports. Their move follows an activist campaign by hedge fund Starboard Value, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian web companies. Armstrong has been receptive to these Yahoo shareholders and acknowledged the potential benefits of a deal, the Yahoo investors said. But he has downplayed the possibility of a

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Categories: Internet
Companies: AOL / Yahoo!
Countries: World
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