Dec, 2016 : CEO of AOL Believes Yahoo Acquisition Will Happen


📅 - Tim Armstrong, the CEO of AOL, recently stated that he believes the $4.8 billion deal for Verizon to acquire Yahoo and merge with AOL will still happen. It was stalled due to the hacking of 500 million Yahoo users.

Verizon won the bit for Yahoo after a long auction process, but two months later the breach Yahoo suffered in 2014 was revealed. This put the deal in jeopardy, but Armstrong believes it will close.

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Reads: 813 | Category: General | Source: TheHN : The Hosting News

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