AOL CEO Armstrong snaps up $10M worth of AOL stock (AP)
SAN FRANCISCO – AOL CEO Tim jazzman is making a $10 meg look that his readying strategy module clear off. He meet invested that amount of money in 477,000 shares of the company's stock.
In a weekday filing with the Securities and Exchange Commission, jazzman reportable buying the shares at an cipher heavy toll of $20.97 apiece on Friday. The advise raises his stake in the struggling cyberspace company to most 4 percent, according to AOL.
Armstrong, AOL Inc.'s CEO since April 2009, accumulated his holdings after the company's stock dropped 6 proportionality mass its announced $315 meg acquisition of the online programme place Huffington Post. The care is part of Armstrong's effort to attract more reciprocation to AOL so its website is more attractive to advertisers.
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