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AOL CEO: AOL-Yahoo merger just a 'dead notion' at this point

A possible AOL-Yahoo merger is nothing more than a 'dead notion' to AOL CEO Tim Armstrong

Michael Hatamoto | Apr 27, 2015 at 5:40 pm CDT (0 mins, 48 secs time to read)

AOL and Yahoo will not merge together despite financial industry rumors, and the former ISP giant is focusing on developing niche business units. An AOL-Yahoo merger has been rumored for years, but investors from both companies said it's not worth the trouble of bringing up a possible merger until it's seriously brought to the table.

AOL CEO: AOL-Yahoo merger just a 'dead notion' at this point | TweakTown.com

"We have to really make a decision whether we want to take a step back, and go back and think about doing something like [a merger], versus, do we focus on growth?" said Tim Armstrong, chairman and CEO of AOL, in a statement to CNBC.

Instead of worrying about a merger, AOL will seriously consider acquisitions that help its supply business, customer data, and video and automated ads. "You should assume we're going to do everything we possibly can to move those three things forward."

The company also is working on developing original content, after its video business increased 90 percent in 2014 alone, according to AOL.

Last updated: Apr 6, 2020 at 08:43 pm CDT

Michael Hatamoto

ABOUT THE AUTHOR - Michael Hatamoto

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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