Yahoo Close to Deal with AOL: Report

The Wall Street Journal posted a story last night that has the tech world abuzz—Yahoo and AOL are closing in on a deal to combine their Internet operations, a move aimed at thwarting Microsoft Corp.’s effort to acquire Yahoo, people familiar with the matter said Wednesday.

This story came just hours after a New York Times report that News Corp. is considering adding its weight to Microsoft’s side of the battle.

None of this is exactly new—in fact, last month a report went around that really, Yahoo

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