AOL Huddles With Top M&A Team

But CEO Armstrong denies any deal in the works

Don’t miss Commerceweek, February 28–29 in NYC, to explore the technology and trends fueling commerce. Get strategic insights from leaders at The New York Times Advertising, Turo, TikTok and more. Register.

AOL has retained two of the biggest names in mergers and acquisitions, law firm Wachtell, Lipton, Rosen & Katz and investment banking company Allen & Company LLC. A team from those firms, including Wachtell, Lipton founding partner Martin Lipton and Allen & Co. managing director Nancy Peretsman, met with AOL executives at the company's Manhattan offices Wednesday, Adweek has learned.

Lipton, 80, is perhaps the leading M&A attorney in the U.S. Legal observers believe that his personal involvement and presence at the AOL office could indicate that a high-level transaction is being discussed, but AOL CEO Tim Armstrong told Adweek by email, "There is no deal on the table, no proposed deal, and both parties are on retainer with us and we work with them.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in