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Yahoo Looking To Reopen Talks With AOL
The only news thus far to emerge from yesterday's hyped up board meeting with special guest star, Carl Icahn, is that Yahoo has paved the way for more discussions with Time Warner over the future of AOL, according to a vague report from the Financial Times.
If there were to be a merger between the two, they'd basically be helping to keep each other afloat, as AOL isn't doing so hot either (Time Warner's been looking to shed AOL for a while after lackluster ad sales). Yahoo was tossing around the idea of acquiring the company several months ago when a Microhoo might have made more sense.
But Microsoft made it pretty clear that a major deal similar to those discussed earlier this year was now off the table when it approved a $40 billion buyback proposal. Some analysts, however, think a search deal of a smaller scale is still possible.
By Chris Snyder for Wired.com
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