updated - June 19, 2021 Saturday EDT
AOL has announced that it will be acquiring Millennial Media, Inc., the leading independent mobile ad marketplace, for about $238 million, according to a press release issued by AOL.
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Starboard Value LP bought 1.92 million shares, or 2.4 percent of AOL while insisting that Yahoo merge with AOL.
Unsatisfied with Chief Executive Marissa Mayer’s turnaround plans, two of Yahoo’s largest shareholders grew tired of the waiting and went directly to AOL asking for a merger.
Would it be a disaster of putting two antique online companies that are struggling to adapt by their own selves, or the making of one of the best team-up in the Internet?
Online giant Yahoo was challenged by an activist investor and major shareholder, Starboard Value LP to team up with AOL Inc.
In an effort to solve the latest political conflict, Starbucks chief executive officer Howard Schultz is handing out free coffee to customers who show how it can be done.
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