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SEATTLE –AOL Time Warner would be allowed to propose a takeover bid for Amazon.com–as long as it did so quietly –under the terms of a $100 million investment AOL made in Amazon Monday.
According to records filed with the Securities and Exchange Commission, and reported by Dow Jones Newswires, AOL could propose a buyout, but not publicly and not without the approval of Amazon.com.
Amazon.com spokeswoman Patty Smith would not comment beyond to say that the company entered into a “modest and appropriate standstill agreement” with AOL.
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