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Yahoo Won't Buy AOL, Yahoo M&A Chief Says

As Kara Swisher reported yesterday, AOL CEO Tim Armstrong would love to merge with Yahoo, but Marissa Mayer does not “get” the deal. Today, at the Fortune Brainstorm Tech conference, Yahoo M&A chief Jackie Reses acknowledged as much, shooting down the possibility of a deal between the two legacy Internet media companies. Asked in a panel discussion whether AOL would be purchased in the next two years, Reses responded, “Not by us.”

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