Tim Armstrong Makes One Last Pitch for AOL: “No More Hail Marys”

AOL is about to cut ties to Time Warner, and CEO Tim Armstrong has been making his case to current and potential investors. Here’s one last pitch, delivered to the crowd at the annual UBS Media and Communications Conference in New York.
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SanDisk Shares Plunge as Samsung Withdraws Takeover Bid

After six months of negotiation, Samsung has withdrawn its bid to acquire SanDisk at $26 a share. Samsung CEO Yoon Woon Lee expressed his “disappointment” and cited multiple reasons why the deal wouldn’t work–including a surprise announcement by SanDisk of a quarter-billion dollar operating loss. SanDisk, for its part, replied that it never got a reply to a letter rejecting Samsung’s bid as too low at $26 a share. All sound familiar?