Yahoo to acquire AOL?

Posted on Monday, October 30 2006 @ 12:07 CET by Thomas De Maesschalck
Fortune has learned from multiple sources that Yahoo has approached Time Warner about acquiring America Online.
A source close to Yahoo disputes that Yahoo approached Time Warner and says that there are no active conversations between the two companies. Regardless of which version is correct, a Yahoo-AOL merger would be a face-saver for Semel: Last year Google outflanked Yahoo and swooped in to become AOL's exclusive Internet search provider, picking up a 5% stake in AOL for $1 billion as part of the deal.

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