AOL sale looming?

aol for saleAOL has been in a state of flux for awhile now, attempting to keep its brand alive with mergers and new platforms. But nothing’s been able to stick, and profits and subscriptions haven’t been anything to brag to investors about. This is enough cause for speculation regarding a sale or yet another HuffPo sized merger – especially given AdWeek’s (the site shares a building with AOL) inside scoop that AOL is meeting with a prestigious M&A team.

According to the report, AOL is working with Wachtell, Lipton, Rosen & Katz as well as Allen & Company LLC. Both of these firms are infamously attached to large mergers and acquisition dealings, and the retainer coupled with AOL’s public missteps is enough to raise a few eyebrows, despite any denials. “There is no deal on the table, no proposed deal…” CEO Tim Armstrong says. “…Our strategy hasn’t changed and we are moving faster than ever on it.” Of course, this means little more than that at the moment, no offer has been made or worth considering quite yet.  

If the name Lipton sounds familiar, that’s because he’s the attorney behind the “poison pill” defense. It’s a tactic use by a business’ board to stop a hostile takeover of the company. The firm is behind some of the most well-known M&A litigations, including those from AT&T and JP Morgan Chase.

An AOL insider tells AdWeek that the move is purely for show in order to raise the company’s stock worth—which might be working. AOL stock rose 8.8 percent yesterday afternoon, and it makes it look like a more valuable asset to potential buyers. We could be looking at the very beginnings of a buyout, spinoff, or break-up of one of Internet media’s veterans. The real question is who the interested parties might be.

Considering that AOL’s stock is trading incredibly low, it’s a fairly attractive option for some companies. A merger with Yahoo, a fellow struggling former Internet titan, is a rumor that began some three years ago and has never quite died. What could also attract buyers is the fact that AOL parts are worth more than its sum. Properties like Advertising.com, TechCrunch, MapQuest, and Moviefone could net some tempting offers. Even Patch (which is almost undeniably broken) might be a good fit elsewhere. At the moment, closing Patch would actually save AOL some serious money and boost it into being profitable – of course, that’s only a short-term fix. 

Whatever the exact outcome, retaining these firms likely means big change is heading to AOL in the near future.


Google+ continues to sink with a second massive data breach. Abandon ship now

Google+ was scheduled to shut its doors in August 2019, but the second security breach in only a few months has caused the company to move its plan forward a few months. It might be a good idea to delete your account sooner than later.

How to switch from iPhone to Android: The ultimate guide

If you've decided to bridge the great tech divide and leave Apple's walled garden for the unknown shores of Android, then you'll find all the tips and advice you need to begin switching from an iPhone to an Android device.

The best iPhone deals for December 2018

Apple devices can get expensive, but if you just can't live without iOS, don't despair: We've curated an up-to-date list of all of the absolute best iPhone deals available for December 2018.

The Super NES Classic is the perfect holiday gift for Nintendo lovers

Whether you're a long-time Nintendo fan looking to relive the 16-bit glory days or just doing some holiday shopping, the SNES Classic -- now in stock at multiple retailers for $80 -- might just be the perfect Christmas gift for gamers of…

If you've lost a software key, these handy tools can find it for you

Missing product keys getting you down? We've chosen some of the best software license and product key finders in existence, so you can locate and document your precious keys on your Windows or MacOS machine.
Social Media

‘YouTube Rewind 2018’ is about to become its most disliked video ever

YouTube is about to achieve a record it really doesn't want — that of "most-disliked video." Yes, its annual recap of featuring popular YouTubers has gone down really badly this year.

Firefox 64 helps keep your numerous tabs under control

Mozilla officially launched Firefox 64 by placing new features into the laps of its users including new tab management abilities, intelligent suggestions, and a task manager for keeping Firefox's power consumption under control.

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.

5G: Why everything is about to change

Curious about the many ways 5G will change and enrich your life? Here’s our guide to all things 5G.

Email take-backsies! Gmail's unsend feature is one of its best

Everyone has sent a message they wish they could take back. How great would it be if you could undo that impulsive email? If you're a Gmail user, you can. Here's how to recall an email in Gmail.

Costco members can cut up to $200 off MacBook and iMac price tags

Costco is discounting MacBook Air and MacBook Pro laptops by as much as $200 as part of a members-only sale. It also has deals on select MacBooks and iMacs, with optional Apple Care in most instances.

Here's our head-to-head comparison of Pandora and Spotify

Which music streaming platform is best for you? We pit Spotify versus Pandora, two mighty streaming services with on-demand music and massive catalogs, comparing every facet of the two services to help you decide which is best.

Our favorite Chrome themes add some much-needed pizzazz to your boring browser

Sometimes you just want Chrome to show a little personality and ditch the grayscale for something a little more lively. Lucky for you, we've sorted through the Chrome Web Store to find best Chrome themes available.

PewDiePie supporters hack printers, hope to boost his subscription numbers

In an attempt to garner more subscribers for their favorite vlogger and secure his status as having the most YouTube subscribers, PewDiePie supporters claimed to have hacked thousands of printers worldwide.