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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: 1086 | Category: General | Source: TheHN : The Hosting News
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📅 - AOL CEO ‘Cautiously Optimistic’ About Yahoo Deal - Following the cyber attack on 500 million Yahoo users, Verizon's deal to acquire Yahoo for $4.8 billion and merge it with AOL has stalled. Tim Armstrong the CEO of AOL is still optimistic that the deal will close. “I'm cautiously optimistic that it will happen,” he told recent attendants of the Business Insider's Ignition Conference. He added, “The companies are working well together. There's been a constructive dialog around things like the data breach that need to get resolved.”
Following Yahoo's announcement that it had been victim to a massive cyber attack in 2014, the deal was put in jeopardy.
Read more here.
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