November 14, 2014 / 11:04 PM / in 3 years

Activist investor Starboard discloses stakes in Yahoo, AOL

(Reuters) - Activist investor Starboard Value LP disclosed stakes in Yahoo Inc and AOL Inc on Friday, nearly two months after it urged the two companies to merge.

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. REUTERS/Denis Balibouse

Starboard disclosed a 7.7 million share stake in Yahoo and a 1.9 million share stake in AOL.

This translates to a 0.8 percent stake in Yahoo and a 2.5 percent stake in AOL, according to Thomson Reuters data.

Starboard in September sent a letter to Yahoo, saying a merger with AOL could create up to $1 billion in “synergies” by reducing overlaps in online display advertising and other overhead costs.

Reporting by Anya George Tharakan in Bangalore; Editing by Sriraj Kalluvila

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