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AOL Chief Armstrong On AOL-Yahoo Merger Rumors: 'Dead Notion'

Tim Armstrong, CEO and chairman of AOL, this week called any potential AOL-Yahoo merger a “dead notion,” reports Tech News Today.

“He said that the company’s focus is on growth and pointed out the expansion in revenue and profit for AOL for the past eight consecutive quarters which came through the high rate of growth in video and advertisement business,” writes Tech News Today.

Armstrong reportedly told CNBC’s Squawk Box: “We have to really make a decision whether we want to take a step back and think about doing something like [a merger], versus, do we focus on growth?"

AOL will focus on growth, asserted Armstrong, namely in three key areas: supply, customer data and video ad automation.

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