News Brief

As Kara Swisher reported yesterday, AOL CEO Tim Armstrong would love to merge with Yahoo, but Marissa Mayer does not “get” the deal. Today, at the Fortune Brainstorm Tech conference, Yahoo M&A chief Jackie Reses acknowledged as much, shooting down the possibility of a deal between the two legacy Internet media companies. Asked in a panel discussion whether AOL would be purchased in the next two years, Reses responded, “Not by us.”


I also think it would be a bad idea. Why buy a company in the last stages of its life cycle?

For all the grief I've heaped upon Yahoo, I do at least commend them for returning some of the Alibaba windfall to shareholders.

It's hard to see where Yahoo goes after this, though.


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