Yahoo talks to AOL to head off Microsoft

AOL is understood to have held talks with Yahoo about a potential deal to head off an approach by Microsoft.

The US internet group is thought to be talking to Yahoo advisers to see if a transaction between the two would be workable. Microsoft has offered to buy Yahoo for about $42bn (£21bn) to create a rival to the web search leader Google, but Yahoo has rejected the offer.

And last week Rupert Murdoch's News Corporation began tentative talks about merging its online division, which includes MySpace, with Yahoo to create a powerful presence on the internet.

Read Full Article from Guardian Unlimited

- Posted: 2008-02-18 09:32:22

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