Yahoo Looking For Possible Merger with AOL

Yahoo Looking For Possible Merger with AOLIt has been recently reported that there are talks being conducted between AOL and Yahoo, the two IT firms, for a possible merger.

This news has come after the recent incident of the CEO of Yahoo being fired from her position over the phone. This is being done as an endeavor to put an end to the stagnancy of the growth and development of the company. "I am very sad to tell you that I've just been fired over the phone by Yahoo's Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward”, said Carol Bartz in an email to her staff from Yahoo.

Yahoo announced that these are the steps being taken after the review of the current position of the firm and so that it becomes better with time, considering the sort of effects of the recent dismissal of the CEO.

Reports were also of the view that the firm had been in talks with Microsoft, but the offer didn’t work out well at that time. It is now matter of time to see what sort of turn the events take and where the firm will land up in the time to come.