Get All Access for $5/mo

Activist Investor Urging Yahoo and AOL Merger Discloses Stakes in Both Companies It claims a merger could create up to $1 billion in 'synergies.'

By Reuters

This story originally appeared on Reuters

Activist investor Starboard Value LP disclosed stakes in Yahoo Inc and AOL Inc on Friday, nearly two months after it urged the two companies to merge.

Starboard disclosed a 7.7 million share stake in Yahoo and a 1.9 million share stake in AOL.

This translates to a 0.8 percent stake in Yahoo and a 2.5 percent stake in AOL, according to Thomson Reuters data.

Starboard in September sent a letter to Yahoo, saying a merger with AOL could create up to $1 billion in "synergies" by reducing overlaps in online display advertising and other overhead costs.

(Reporting by Anya George Tharakan in Bangalore; Editing by Sriraj Kalluvila)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

This 26-Year-Old's Side Hustle That 'Anybody Can Do' Grew to Earn $170,000 a Month. Here's What Happened When I Tested It.

Stephen Alvarez was working at a dental supply company and following his passion for cars on the side — then an Instagram ad changed everything.

Marketing

How to Repurpose Your Content for SEO Success

Stay informed with expert insights on optimizing content lifecycle efficiency through strategic repurposing methods.

Business News

Nvidia and the Magnificent Seven Have 'Immense Returns,' but Strategists Say There Are Risks

The Magnificient Seven includes Nvidia, Amazon, Apple, Meta, Microsoft, Google, and Tesla.

Business News

Costco Is Raising Hourly Wages for Employees, According to an Internal Memo from the CEO

In an internal memo sent on Monday, CEO Ron Vachris informed employees of the $1 an hour pay raise.

Branding

The 20-Step Guide to Rebranding Your Company Online

When rebranding your company, consider these 20 essential action items to ensure a smooth transition and maintain and enhance your evolving digital reputation.

Growing a Business

5 Lessons Learned From a 7-Figure Founder

Five key lessons I wish someone had given me when I first started out on my entrepreneurial journey.