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.

Related Link:

Bloomberg –

Photo by flickr user misocrazy, used under Creative Commons license