http://socialnetworkingnews.org/activist-investor-pushes-yahoo-to-buy-rival-aol/
SAN FRANCISCO (AP) — An activist investor is urging Yahoo to buy rival AOL to give the long-struggling Internet companies a better chance to compete against Google and Facebook in the digital advertising market.
Jeffrey Smith, who heads Starboard Value LP, outlined his rationale for the AOL Inc. deal in a Friday letter to Yahoo Inc. CEO Marissa Mayer and the company’s board of directors.
The letter says Starboard has accumulated a “significant” stake in Yahoo, without providing specifics.
Source: www.businessweek.com
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