Tim Armstrong

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What the $4.83B Yahoo Deal Gets Verizon

A chance to stand a little taller among giants

(Newser) - In its confirmation of Verizon's purchase of Yahoo's web assets , announced Monday morning, the Wall Street Journal describes it as a "remarkable fall" for Yahoo, once valued at more than $125 billion and now plucked up for less than 4% of that—$4.83 billion in cash.... More »

Verizon Buying AOL for $4.4B

Telecom giant wants smaller company's expertise in digital video

(Newser) - AOL is getting involved in another major merger, surely hoping it ends better than last time . This time it's Verizon, not Time Warner, with the telecom giant announcing plans to buy AOL for $4.4 billion, reports CNBC . For Verizon, it's all about the push for growth in... More »

Lawsuit: AOL's CEO Fired Worker When She Lost 2 Babies

Tim Armstrong's issues with pregnant employees go back to 2005

(Newser) - Does AOL CEO Tim Armstrong have an issue with pregnant employees? Well, that's what Valleywag is wondering. To recap, Armstrong caused a stir last week by shifting the company's 401(K) payment schedule to a year-end lump sum—because, he said, AOL has had to pay big bucks to... More »

Mom: AOL Blamed Its Cuts on My 'Distressed Baby'

Tim Armstrong has reversed the 401(K) move, but his comment still inflames

(Newser) - AOL honcho Tim Armstrong made waves on Thursday in announcing poorly received changes to the company's 401(K) program. The adjustment, which would have shifted the payment schedule to one lump-sum payment at year-end, was explained as a change made in light of exploding medical costs, noting, "we had... More »

AOL CEO Calls Public Firing an 'Emotional' Mistake

CEO forced to apologize after audio of firing is leaked online

(Newser) - AOL's local news network, Patch, is losing money, closing hundreds of websites, and laying off hundreds of employees, TechCrunch reports. But that is not its biggest problem right now. That honor goes to the dismissal of just one employee last week. In the middle of a meeting with Patch... More »

AOL Axes 900 on Heels of HuffPo Buy

That's 20% of the workforce.

(Newser) - The rumored layoffs have arrived. AOL CEO Tim Armstrong today announced that the company would cut 200 US jobs, with the content side bearing the brunt of the layoffs. The Hollywood Reporter notes that a total of 900 jobs—or 20% of the workforce—will be done away with: Some... More »

AOL Weighing Yahoo Takeover

Private equity in talks to engineer 'reverse merger'

(Newser) - Takeover rumors are swirling around Yahoo again. AOL is in talks with several private equity firms over a possible "reverse merger" between the two Internet giants that would see AOL chief Tim Armstrong heading up the combined company, insiders tell the Wall Street Journal . One scenario being considered is... More »

AOL-TechCrunch: What Happens Next

Tech blog's founder says editorial style won't change

(Newser) - AOL bought America's third-biggest tech blog and two other start-ups yesterday and signaled that the shopping spree will continue. But even as AOL chief Tim Armstrong and TechCrunch founder Michael Arrington announced the $30 million acquisition, AdAge wondered how TechCrunch's take-no-prisoners approach will mesh with a huge publicly owned... More »

AOL in Talks to Buy TechCrunch

Internet giant rumored to be on verge of buying tech blog

(Newser) - AOL is on the verge of announcing a deal to buy high-profile technology blog TechCrunch, insiders say. AOL—which snapped up TechCrunch rival Engadget in 2005—tried and failed to buy the blog a few years ago, a source tells the Wall Street Journal . An announcement is expected to be... More »

9 Stories