Yahoo! Gets OK for AOL Talks: Report
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.
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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 Microsoft Corporation (MSFT) Report
.
This article was written by a staff member of TheStreet.com.
