Sunnyvale, Calif. – A week after firing CEO Carol Bartz, the board of Yahoo was scheduled to meet Wednesday to discuss the future of the Internet company, including a possible tie-up with AOL, Bloomberg reported.
The news service reported that AOL CEO Tim Armstrong is reconsidering a proposed deal with the company, after Bartz had previously rebuffed the notion of a merger.
“Under one scenario now being considered, Yahoo would acquire AOL and Armstrong would become CEO of the combined company,” Bloomberg said, citing a person close to the situation. Feeling pressure from its investors, however, Yahoo would be unlikely to pull the trigger on such a deal, according to another source.
This article was also published in Potomac Tech Wire.
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Bloomberg – http://tinyurl.com/6fxmrdo
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