Yahoo Steps Up Talks With Time WarnerYahoo Steps Up Talks With Time Warner
<a href="http://online.wsj.com/article/SB120468830515212763.html?mod=technology_main_whats_news">The Wall Street Journal</a>, <a href="http://www.news.com/8300-10784_3-7.html">CNET</a>
Discussions about Yahoo and Time Warner joining forces as a way for the search company to fend off Microsoft's advances have intensified.According to The Wall Street Journal, the talks center on a deal that would fold Time Warner's AOL Internet unit into Yahoo, with Time Warner taking a sizable minority stake in the combined entity. Yahoo has until March 24 to explore its options; that deadline was extended today from March 14 -- likely to the chagrin of some shareholders, who have been pressuring Yahoo to reach a resolution.
Another possible contender: News Corp., which reportedly could gain a stake in Yahoo in exchange for selling to Yahoo MySpace and some other Web sites.The Wall Street Journal, CNET
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