Yahoo CEO 'skeptical' about merger with AOL

Yahoo CEO Marissa Mayer and AOL CEO Tim Armstrong were spotted having late-night drinks at a media and technology conference last week, which once again raised the rumors of a possible merger between Yahoo and AOL.

Both companies see potential benefits, but the merger remain complicated as Mayer has her doubts, CNET reported.

While Armstrong is pushing for a merger, Mayer finds the idea of the merger as 'small, unexciting, uninspiring and backward-looking.'

Still, there are some upsides to the possible pairing: Mayer reportedly covets AOL's Huffington Post, the online news site with an audience of 79 million unique monthly visitors across all its properties. Armstrong is, for now, unwilling to sell the Huffington Post separately, report said.