TITLE

Yahoo Puts AOL on the Menu

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/24/2008, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the approval given by Yahoo's board of directors to the renewal of negotiations about a possible deal with Time Warner's AOL. Shares of Yahoo increased by $0.4 or .2 percent in response to the news, while Time Warner's shares posted a 2.5% increase. AOL is currently remodeling its business into an open web portal and advertising network. A five percent increase in overall revenue was posted by Time Warner during the second quarter of 2008, while AOL experienced a 16% revenue drop from $1.3 billion to $1.1 billion.
ACCESSION #
36632238

 

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