Last fall, the word was that AOL CEO Tim Armstrong secretly hoped that private equity would buy his company and Yahoo, and then mash the whole thing together with him in charge.
At a conference yesterday – boy does Armstrong like conferences – the AOL boss told everyone loud and clear: Nope! We want to remain independent!
“We are not focused on a private equity deal now. We are focused on a turnaround and we’re pretty excited about the business overall.”
Truth is: an AOL-Yahoo merger has always been highly improbable, so long as so much of Yahoo’s value is tied up in Asian assets it obviously has no control over.