AOL Focused on Turnaround, Not Private Equity Deal
Armstrong: recent acquisitions aren't a 'Hail Mary'
AOL’s CEO Tim Armstrong is making it clear that his company isn’t planning to go private anytime soon. Last fall, AOL was considering a deal with several private equity firms that would combine the company with Yahoo. But during the Reuters Global Technology Summit in New York, Armstrong said the company would remain independent. “We are not focused on a private equity deal now," he said. "We are focused on a turnaround and we're pretty excited about the business overall.”
In order to facilitate this turnaround, Armstrong said, “We would opportunistically add more assets to the platforms that we thought would be really successful.”
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