Over the past few months, AOL has been speaking to private equity firms in an effort to go private while they complete their turnaround efforts.
Armstrong is said to have pushed a merger last year, but newly fired Yahoo! Carol Bartz had rebuffed the talks at the time.
While both companies are in similar markets, Yahoo is worth $18 billion and AOL is worth just $1.6 billion (market value) with declining revenue and losses. AOL has lost $800 million since 2009.
Written by: Andre Yoskowitz @ 10 Sep 2011 16:14
