The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Startups & Tech

SUBSCRIBERS

Unhappy top Yahoo investors ask AOL for merger rescue

Their move follows hedge fund's activist campaign for Yahoo/AOL deal to unlock stakes in Asian Web companies

Published Wed, Nov 12, 2014 · 09:50 PM
Share this article.

New York

AT LEAST two top-10 Yahoo Inc shareholders are so unhappy with chief executive Marissa Mayer's turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.

Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian Web companies.

Mr Armstrong has been receptive to these Yahoo shareho…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Technology

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here