Yahoo, Time Warner forming AOL deal

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YAHOO, TIME WARNER FORMING AOL DEAL - OUTLOOKPOWER

Thursday, April 10, 2008

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Yahoo, Time Warner forming AOL deal
Yahoo and Time Warner are closing in on a deal where Yahoo would merge with Time Warner's AOL Internet unit, brushing aside Microsoft's bid for Yahoo, a source familiar with the talks said on Wednesday.

The source confirmed a Wall Street Journal story saying Yahoo would receive a cash investment from Time Warner in exchange for a 20 percent stake in the combined Yahoo-AOL business. The deal would exclude AOL's fading dial-up Internet access business and value AOL at about $10 billion.

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