AOL, an American global internet services and media organization, is considering merger with Yahoo but it seems that only AOL is interested in the deal, and for that AOL Inc. CEO Tim Armstrong is having several meetings with the world’s top most shareholder to get them involved in the deal.

Sources have claimed that AOL has cut jobs for 900 employees around the globe. This constitutes 20 percent of its staff. India has got the maximum share of 400 job cuts according to several sources.

The President of AOL Media and Studios, David Eun, has decided to resign from his post in near future.

Although, not stated directly, the company’s decision to buy news hub Huffington Post is strongly speculated to be the reason behind his resignation from his post, as Mr. Eun has repeatedly cropped up this issue in his last e-mail to his colleagues and his staff.

AOL had agreed to purchase The Huffington Post for an amount of three hundred and fifteen million dollars and the firm had put what appeared to be a significant premium on the ability to attract and build a community of readers.

In the year 2009, AOL had become an independent Company. It has now acquired The Huffington Post for $315 million, which is believed to be its biggest move since then.

Financial advisers have been appointed by AOL Inc. to seek various strategic options for the company. AOL has plans to tie- up with its rival firm Yahoo Inc, if possible. People aware of the matter stated these facts.

In an attempt to make its main Website a bigger hit with Internet users, AOL Friday began the roll-out of a revamped home page, which lays increased emphasis on news created by AOL's employees as well as original video clips.

In an apparent attempt to reclaim some of its earlier glory, the struggling Internet bigwig AOL Tuesday announced that it is buying TechCrunch, which is one of the dominant Silicon Valley blogs boasting a strong following among the leading tech-industry executives, entrepreneurs, and financiers.

Leading internet service provider AOL has sold the social networking site Bebo, which it had bought just two years ago for 850 million dollars. A small private investment company named Criterion Capital Partners has bought the site Bebo but the firm has not disclosed the amount paid against the deal.

Quoting sources familiar with AOL's strategy, it seems that Microsoft is prepared to buy the popular web portal, which would then be put to use for outsourcing web search to the Bing search engine.