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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

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Mr Armstrong (above) has been receptive to the Yahoo shareholders and acknowledged the potential benefits of a deal while Ms Mayer has urged investors to be patient for what she has said will be a multi-year effort to revitalise the company.
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Mr Armstrong has been receptive to the Yahoo shareholders and acknowledged the potential benefits of a deal while Ms Mayer (above) has urged investors to be patient for what she has said will be a multi-year effort to revitalise the company.

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