Yahoo Unlikely to Buy AOL
Remember that whole Yahoo-May-Buy-AOL thing? It never looked all that likely to us to begin with, and now it’s even less so. Reuters reports that Yahoo is unlikely to get into a bidding war over AOL with Microsoft because if Microsoft gets in the way, Yahoo could instead renew talks over News Corp‘s Web properties, a person with knowledge of the plans said:
“Yahoo, seeking to shape an independent growth strategy after rebuffing Microsoft’s bid to take it over, has kept in contact with News Corp,” the source said in the report; the same source indicated that discussions with Time Warner about AOL appeared further along.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in