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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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