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Fortune: Yahoo in Talks to Buy AOL

Authored by Mark Hefflinger on October 30, 2006 - 2:44pm.
Sunnyvale, Calif. - Hoping to jumpstart talks that initially died about a year ago, Yahoo may be again considering a bid for AOL, according to a report from Fortune. The magazine's website said that multiple sources have confirmed the company's talks with AOL parent Time Warner, though a source close to Yahoo denied them.

Fortune said that the move would help Yahoo Chairman and CEO Terry Semel regain some of the spotlight from Mountain View-based rival Google, which in May finalized a $1 billion investment in AOL as part of an even large advertising and search deal. Yahoo, which reportedly has about $3 billion in cash and equivalents available, has been rumored to be on the verge of a $1 billion acquisition of social networking site Facebook.

Related Links:
http://tinyurl.com/ymobj3 (Fortune)
tags: Deals | Internet | Yahoo | Investing | AOL | Search | Acquisitions | Portals | Time Warner |

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