Yahoo to buy AOL ?
Buying spree continues from the Internet companies... According to Fortune magazine, Yahoo may be again considering a bid for AOL. 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.
The move would surely help Yahoo to 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.
Link
The move would surely help Yahoo to 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.
Link
posted by Nycwave at 9:38 AM
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