For struggling tech giants AOL and Yahoo, the word of choice for executives describing their company’s strategy has been “turnaround.” But with both stocks trading at considerable discounts, some think a new word might be filtering into their vocabulary: “takeover.”
Since AOL CEO Tim Armstrong took over at the end of 2009, the company’s stock price has dropped about 47 percent, closing at just under $12 Thursday. After the New York-based company announced disappointing earnings earlier this month, shares experienced a single-day drop of about 25 percent, hitting an all-time low of $10.22
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