The new board of
Yahoo!
(YHOO)
cleared the way Tuesday for a fresh round of talks with
Time Warner
(TWX)
over the future of Time Warner's AOL unit, the
Financial Times
reports.
The new round of talks potentially reignites negotiations for a combination of the two Internet businesses that stalled earlier this year.
The
Financial Times
reports the green light for the talks came as Yahoo!'s directors met for the first time since activist investor Carl Icahn was named a director. But active deal negotiations aren't underway at this time, the
Financial Times
adds, citing a person familiar with the company's thinking.
Talks between Yahoo! and Time Warner were ongoing earlier in 2008 as Yahoo tried to fend off a takeover bid from
Microsoft
(MSFT) - Get Report
.
This article was written by a staff member of TheStreet.com.
