AOL has hired external advisors to consider a bid for its rival internet portal Yahoo, according to reports.

They’re presenting the feasability of a bid to AOL officials, according to reports which cite sources close to the meetings.

However, AOL has yet to make a formal proposal to Yahoo, while the advisors are also said to be presenting alternative options to a Yahoo takeover.

Reports of a potential tie-up between AOL and Yahoo surfaced last month after it emerged that private equity firm Silver Lake Partners had approached AOL about launching a joint takeover bid ( 15 October 2010).

AOL has yet to make an official statement on the reports but CEO Tim Armstrong is reported to have said both companies could benefit from a partnership.

Yahoo CEO Carol Bartz refused to comment on the speculation at the company’s most recent earnings call last month.

“I can’t comment on rumours and I can’t talk about hypotheticals,” she said. “I’m not allowed to, nor should I as CEO.” ( 20 October 2010)


Published 8 November, 2010 by NMA Staff

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