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US: Investor pushes Yahoo to act on AOL

By  |  September 28, 2014

For years investors have eyed Yahoo for a potential acquisition of AOL, and with the record-setting IPO of Alibaba, Yahoo has cash to spend on a takeover. While Yahoo has stayed mum on what it plans to do with the funds, activist investor Starboard Value is pushing for a deal.

Starboard announced Friday that it acquired a “significant” stake in Yahoo and publically urged the company to go after a takeover of AOL, say reports. The company is now the second Yahoo investor to promote such a move. A Yahoo/AOL deal would reduce significant overlaps in online display advertising and cut other costs, the company said.

Starboard was once an activist AOL investor, say reports.

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