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Saturday, 10 September 2011 - AOL shares fall; report of possible Yahoo tie-up |
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The Washington Post Frac Tech files for expanded $1.15 billion IPO Saab union eyes bankruptcy push Follow Reuters Facebook Twitter RSS YouTube Read UPDATE 5-McDonald's August sales miss; Japan drags 11:26am EDT "Biggest Loser" contestant injured in fall from building 08 Sep 2011 China paper tells U.S. not to play with fire over Taiwan 6:04am EDT Georgia jobs program cited by Obama has big flaws 7:46am EDT UPDATE 2-Pennsylvania hit by huge flooding, towns submerged 4:15pm EDT Discussed 199 Obama to propose $300 billion jobs package: report 96 Obama to call for urgent steps on economy 75 Nearly 40 percent of Europeans suffer mental illness Watched Texas wildfires seen from space Thu, Sep 8 2011 Rock balancing is both art and advocacy for Filipino environmentalists Thu, Sep 8 2011 Should we be hopeful about Obama's Job plan? 1:06am EDT AOL shares fall; report of possible Yahoo tie-up Tweet Share this Email Print Related News Bernanke disappointment pushes Wall Street lower Thu, Sep 8 2011 Major Yahoo shareholder calls for new board Thu, Sep 8 2011 REFILE-UPDATE 2-Google buys Zagat to vie with OpenTable, Yelp Thu, Sep 8 2011 Analysis: Why would anyone want to be Yahoo's CEO? Thu, Sep 8 2011 Wall Street jumps as Europe debt concerns ease Wed, Sep 7 2011 Analysis & Opinion Tech wrap: Google’s appetite for local grows with Zagat buy Whither AOL and Yahoo? Related Topics Technology » Deals » Global Deals Review: 2011 Q2 » Global Deals Review » Hot Stocks » Asian Markets » Inflows Outflows » The AOL logo is seen on the outside of the building housing the companies corporate headquarters in New York May 28, 2009. Credit: Reuters/Lucas Jackson NEW YORK | Fri Sep 9, 2011 4:42pm EDT NEW YORK (Reuters) - Investors sent shares of AOL down over 5 percent on Friday after conflicting reports about a possible tie-up between AOL and Yahoo. AOL Chief Executive Tim Armstrong reportedly approached private equity firms to gauge interest in a deal with Yahoo that would place Armstrong as the head of the combined company, according to a Bloomberg report. CNBC later reported that a source close to Yahoo said the company had no interest in a deal with AOL. AOL shares closed down 5.3 percent at $14.72 while Yahoo inched up 0.3 pct to $14.48. Both Yahoo and AOL declined to comment. Benchmark analyst Clay Moran said that AOL investors were likely disappointed that Yahoo was not interested in a deal. This is not the first time that reports of an AOL-Yahoo tie-up have surfaced. Last year, AOL, once famed for its dial up and email services, tapped Bank of America to explore strategic options, including a potential merger with Yahoo, people familiar with the matter told Reuters at the time. Yahoo has been embroiled in its own troubles, causing the ousting of its Chief Executive Carol Bartz earlier this week. (Reporting by Jennifer Saba and Alexei Oreskovic; Editing by Tim Dobbyn) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Newsletters About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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