| View this article at: http://www.electronista.com/articles/08/04/16/yahoo.and.aol.finalizing/ |
Wednesday, Apr 16, 2008 12:10am
Yahoo and AOL to combine operations? |
Yahoo and AOL are reportedly examining the potential combination of their respective internet operations, which would involve a 20-percent stake of the former company. According to Forbes Techland, the deal would fold AOL into Yahoo, who would then repurchase several billions of its shares at a mid $30 figure. Time Warner will make a large cash investment into Yahoo for this deal to occur.The move comes after Microsoft was denied by Yahoo's board of directors in what was interpreted as a hostile takeover, since the bid was unprovoked on Yahoo's part. Microsoft originally offered Yahoo $31 per share. |