updated - October 1, 2020 Thursday EDT
Starboard Value LP bought 1.92 million shares, or 2.4 percent of AOL while insisting that Yahoo merge with AOL.
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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.
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