AOL chief pitches investors on Yahoo deal | FT Alphaville

AOL chief pitches investors on Yahoo deal

AOL chief executive Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo that could wring up to $1.5bn of cost savings, Reuters says, citing sources with knowledge of the discussions. Mr Armstrong is presenting the deal as an alternative to going it alone as an internet media company. ”The focus in the meeting has gone from a year ago of being around the fundamentals to now being how could you carve this up, what are separate assets worth, are there ways to sell off the business to extract value from them,” said a top 20 AOL shareholder who attended one of the meetings.