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Yahoo ousts CEO; AOL shows interest

Yahoo fired chief executive Carol Bartz on Tuesday. She was hired after Yahoo rejected a $47.5 billion offer from Microsoft in 2008. Yahoo fired chief executive Carol Bartz on Tuesday. She was hired after Yahoo rejected a $47.5 billion offer from Microsoft in 2008. (Associated Press)
September 11, 2011

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AOL Inc. chief executive Tim Armstrong is talking with advisers to Yahoo Inc. to gauge its interest in combining the companies after the ouster of CEO Carol Bartz, according to two people familiar with the matter. Yahoo, the most-visited US Web portal, fired Bartz after less than three years as CEO. Once an $80 billion company, Yahoo has fallen more than 80 percent as it lost Internet users and advertising revenue to Google and Facebook.