AOL hires investment Bank to serve as consultant's share price rose 9%

Sina Science and technology news Beijing time, August 26 morning, has been to stop the decline of the Internet service provider AOL said the company has hired investment banks Allen & Co and law firm Wachtell, Lipton and Rosen & Katz as their advisers.　　Graham James, a spokesman for AOL, confirmed the news but declined to comment on the Greheum James. According to Adweek, the company's team held talks with AOL executives in Wednesday.　　Wachtell and Lipton's lawyers Martin Lipton (Martin Lipton) and Allen & Co investment manager Nanchy Peretzman (Nancy Peretsman) attended the meeting. Since becoming an independent company, AOL lost nearly 800 million dollars in less than two years due to the weakness of its online advertising business and its network services business.　　In August this year, AOL hit a record low after leaving Time Warner in 2009, as the brand-display advertising business continued to Warner. AOL's market value of $1.49 billion was calculated at the Thursday closing price.　　Analysts say the company could attract private-equity buyers such as investment bank Evercore, Inc. On the NYSE's THURSDAY regular deal, it rose 1.13 U.S. dollars, or 8.8%, to close at $13.94, down 52% from its April 2010 peak. (Puma)