Yahoo rejects Microsoft, report says it may buy AOL

Yahoo Inc., which rejected Microsoft's unsolicited $44.6 billion bid Monday as too low, wants to restart merger talks with Time Warner Inc.'s AOL unit, according to a London newspaper.

The Times said, without citing its sources, that the Sunnyvale-based company is exploring merger talks with AOL, as well as deals with Mountain View-based Google Inc or Walt Disney Co.

The paper reported that previous talks between Yahoo and AOL failed because of differences over price.

Time Warner (NYSE:TWX) said last week that it planned to split AOL's Internet access business from its Web portal and advertising business.

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- Posted: 2008-02-11 09:26:30

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