- IRS official refuses to answer questions at scandal hearing |
- Global stocks, oil fall after Bernanke; dollar gains |
- Oklahoma tornado victims astounded at how they survived |
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- FBI says man shot dead while being questioned about Boston bombings
Yahoo, Time Warner step up combination talks: report
NEW YORK |
NEW YORK (Reuters) - Yahoo Inc (YHOO.O) and media conglomerate Time Warner Inc (TWX.N) have stepped up talks to create an alternative to Microsoft Corp's (MSFT.O) offer to take over the Web company, the Wall Street Journal reported on Wednesday citing people familiar with the matter.
The paper reported that the talks center on a deal that would fold Time Warner's AOL Internet unit into Yahoo, according to the people, who still consider a Yahoo purchase by Microsoft as the most likely outcome.
Last month Microsoft made a $41 billion offer to buy Yahoo, which was rejected as undervaluing the business.
Yahoo and Time Warner were not immediately available for comment.
(Reporting by Yinka Adegoke, editing by Elizabeth Fullerton)
- Tweet this
- Share this
- Digg this