12/2/2011

Mobile advertising is an important element in AOL's turnaround strategy, and CEO Tim Armstrong has set the goal of attaining at least 10% of the company's revenue in the sector, perhaps with acquisitions. Although video looks more promising in the near term, Armstrong sees mobile as "a faster opportunity to grow percentage-wise. We're doing it ourselves right now, but I wouldn't rule out that we're going to be aggressive" in acquiring companies.

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Bloomberg

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