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Yahoo Shareholders Want AOL Merger, Mayer's Ouster

  • Reuters, Wednesday, November 12, 2014 11:28 AM
Some top Yahoo shareholders are reportedly pleading with AOL head Tim Armstrong to pursue a merger, kick Marissa Mayer to the curb, and oversee the combined company. “At least two top-10 Yahoo shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround effforts that they are making a direct plea to [Armstrong],” Reuters reports. “Yahoo stock has tripled since Mayer joined Yahoo as CEO in July 2012, but analysts say those gains have been primarily driven by the rapid appreciation in the value of its Asian assets.”

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