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AOL CEO Armstrong dismisses merger, takeover rumors

AOL Chief Executive Tim Armstrong dismissed talks of possible mergers with tech and communications giants Yahoo and Verizon on Wednesday.

"There's always speculation around us because we have taken a company that was not doing well and ended 2014 with two straight years of growth," he told CNBC's "Squawk on The Street." "We have a lot of partners coming in to talk to us, but AOL has a unique vision, a unique strategy and we've stayed on strategy."

"Our strategy of being a global content brand, video and programmatic advertising is clearly where the market is," he added.

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The company had recently been linked to rumors of a possible joint venture with Verizon and a merger with Yahoo.

Armstrong also said there is limited room for companies in the online advertising market. "We believe there are going to be 10 to 15 major chairs in our industry and there are 200 ad-tech companies trying to sit in those chairs," he said. "We have gone to the forefront."

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He added that Google and Facebook, along with AOL, have the most complete advertising systems at this point. "The reality is we're in a very strong place right now," he said.

The growth of TV streaming services will also have a positive impact on the company, Armstrong said. "As soon as everyone gets trained in how streaming is the way to get content, we're going to be in really good shape."