AOL, Trying to Kill Itself Off, Seeks Yahoo! As Suitor
In an apparent attempt at killing his company, AOL (NYSE:AOL) CEO Tim Armstrong has been meeting with Yahoo! (NASDAQ:YHOO) shareholders about a potential acquisition. Barron’s reports that “Sources say Armstrong has discussed how to carve up AOL and what the separate piece might be worth.”
Following is some stock price performance for these two declining companies.
- AOL, Inc. (NYSE:AOL): The shares recently traded at $13.46, up $0.31, or 2.36%, on the day. The shares have traded in a 52-week range of $10.06 to $27.65 and its market capitalization is $1.44 billion. About the company: AOL, Inc. is a web services company. The Company’s business spans online content, products and services that the company offers consumers, publishers and advertisers. AOL focuses on attracting consumers and providing online advertising services on company owned and operated properties as well as third party websites. AOL also operates an internet subscription access services.
- Yahoo! Inc. (NASDAQ:YHOO): The shares recently traded at $15.70, down $0.07, or 0.41%, on the day. The shares have traded in a 52-week range of $11.09 to $18.84 and its market capitalization is $19.38 billion. About the company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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