merger of the teens. -- one saying it could be the time warner aol merger of the teens.e we looking at a potential bidding war for yahoo!? mark: that's interesting because yahoo! shares have fallen 30% over the last year. notconcern is that they are going to get a fair price right now because they feel yahoo! is undervalued. it looks like there is interest out there. interest is a lot different than an actual offer. we will have to see how this plays out. there's a vast disparity in the yahoo!ople are valuing activist investors and sing the core business is worth less than nothing but i've seen analysts saying as high as $8 billion. we will have to see what people are ultimately willing to pay and that will depend. carol: thank you so much. emily chang in our san francisco bureau. at sixto bloomberg west clock p.m. wall street time right here on bloomberg television. jamie dimon beginning remarks at the bank's annual investor day in new york. clients, more connected to more venues. for the most part, you can look -- i would not use the word "speculative." it's not like w

time warner bought aol. you know, maybe that was in january of 2000. that was not exactly a good deal. look a deal is a deal but it has to be a good deal and it has to add value and get you into the position of the digital world so we'll see. he hasn't done it. we'll see. >> the stock was up today when it was known that red stone would not be the ceo anymore. they game back nearly all of the games. that would suggest that investors have either lost confidence. >> what do you think the message is. >> we own half the voting stock that's public and the family owns the balance and as long as sumner is around we don't have to worry about who controls the trust. he got a catalyst and he had to come to grips with sumners issues and we still have depositions and hopefully nothing extraordinary happened in the depositions that would change the way the world perceives him and i'm sure that he's clever enough not to have challenged that premises. >> you still hold your shares? >> i appreciate you calling in and reacting to this news today. certainly a story every

one headline called this the aol-time warner merger. tom i can see the argument.perationally this would be a disaster. the year of your one million -- one-year decline of think it gets close to 40%. i think that it is a struggling company struggling to find itself in the digital world let alone the mobile digital world. you have, putting these two companies together would be a mistake. emily: the ceo of time is very interested in this deal. talking about his digital strategy. joe: we are investing heavily in our digital content and our digital audience is up to now a 185 million social. our digital audience over the last two years has grown dramatically. last year we produced 23,000 videos. short form videos new opportunity for us. a real opportunity for us in native video. it is supposed to become a $30 billion industry. emily: why would it make sense for time to scoop up dying media properties? alex: he alluded that they had to do something. yahoo! has a billion users. many of those are still readers. joe used to work in aol. you would imagine that there is some