| By Maureen O'Gara | Article Rating: |
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| March 6, 2008 02:30 PM EST | Reads: |
4,491 |
The move buys Yahoo! a little more time to find a white knight to rescue it from Microsoft’s rejected $31-a-share offer “without the distraction of a proxy contest,” it said. According to the rules, it looks like Yahoo has to have that meeting by mid-July.
The Wall Street Journal says Yahoo is currently trying to cut a deal with Time Warner, the once burned AOL stable. Reportedly Yahoo! could acquire AOL with Time Warner holding a minority share in the combined company, a deal Google, which owns 5% of AOL, is said to favor.
The Journal said Time Warner is working on a proposal that Yahoo! can take to its board.
Published March 6, 2008 Reads 4,491
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More Stories By Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.
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