AOL CEO Tim Armstrong says Yahoo deal will spark 'job changes'
Reuters
Published Sep 12, 2016 06:05PM ET
Updated Sep 12, 2016 08:00PM ET
AOL CEO Tim Armstrong says Yahoo deal will spark 'job changes'
SAN FRANCISCO (Reuters) - The mission to merge Yahoo's assets with AOL and Verizon's will lead to "some job changes" according to AOL CEO Tim Armstrong.
Armstrong told the crowd at TechCrunch Disrupt 2016 in San Francisco that synergies within Yahoo (NASDAQ:YHOO) and AOL's operations will inevitably lead to some job changes but stressed that the deal itself was "not about job cuts."
Armstrong and Verizon executive vice president Marni Walden said the company is focused on a strategy that leverages advertisements across all platforms, utilizes partnerships with strongest competitors and strengthens media brands such as the Huffington Post and Yahoo news.
"Google (NASDAQ:GOOGL) is search, Facebook (NASDAQ:FB) is social, we're going to be brand," said Armstrong.
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Written By: Reuters
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