[Reuters] AOL CEO pitches investors on Yahoo deal: sources

Posted by: UGN Security

[Reuters] AOL CEO pitches investors on Yahoo deal: sources - 10/12/11 04:53 PM

NEW YORK (Reuters) - AOL Inc CEO Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo Inc that could wring up to $1.5 billion of cost savings, according to sources with knowledge of the discussions.