AOL CEO on Yahoo deal: “We want to get to 2B users” [Memo]

 Today Verizon confirmed that it plans to acquire Yahoo’s core assets — search, advertising and content, along with Yahoo’s Sunnyvale real estate — for $4.83 billion in cash. That business will in turn be combined with AOL, which Verizon acquired last year for $4.4 billion. Tim Armstrong, CEO of AOL (which owns us), said that it’s all about scale for his company… Read More