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This is an archive article published on March 5, 2008

Yahoo steps up merger talks with Time Warner: Media

Yahoo Inc and media conglomerate Time Warner Inc have stepped up talks to create an alternative to Microsoft Corp's offer, according to media report.

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Yahoo Inc and media conglomerate Time Warner Inc have stepped up talks to create an alternative to Microsoft Corp8217;s offer to take over the Web company, the Wall Street Journal reported on Wednesday citing people familiar with the matter.

The paper reported that the talks center on a deal that would fold Time Warner8217;s AOL Internet unit into Yahoo, according to the people, who still consider a Yahoo purchase by Microsoft as the most likely outcome.

Last month Microsoft made a 41 billion offer to buy Yahoo, which was rejected as undervaluing the business.

Yahoo and Time Warner were not immediately available for comment.

 

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