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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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.
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