Sinead's Feed
Dec 30, 2011
Dec 30, 2011
Dec 30, 2011
Dec 30, 2011
Dec 30, 2011
Dec 29, 2011
Dec 29, 2011
Dec 29, 2011
Dec 28, 2011
Dec 21, 2011

Investment fund pushes for AOL strategy shake-up

By Yinka Adegoke and Sinead Carew

(Reuters) – Activist investment fund Starboard Value has taken a 4.5 percent stake in AOL Inc and is pushing for a meeting with the Internet company’s chief executive and the board to address what it sees as strategic failings.

Starboard sent a letter to AOL CEO Tim Armstrong and the board on Wednesday in which it said AOL is deeply undervalued and blamed the company’s massive operating losses in its display advertising business.
Previous24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38Next

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."

    • More from Sinead

      Twitter:
      @sineadcarew

    • Follow Sinead

      RSS feed icon Subscribe to all posts via RSS (What is RSS?)