Time Warner, Microsoft in talks on AOL
A Reuters newswire article, via Yahoo! News, reports that:
Time Warner Inc. and Microsoft Corp. are in advanced talks over Microsoft buying a stake in Time Warner's America Online unit, the New York Post reported on Thursday.
Citing two unnamed sources familiar with the matter, the Post said the talks concern Microsoft acquiring an AOL stake and then combining it with Microsoft's Web unit MSN.
Microsoft would pay some money to Time Warner for the AOL stake, leaving the two companies approximately equal partners in the venture, the Post said.
A Time Warner spokeswoman declined to comment. Microsoft was not immediately available for comment.
posted by Fergie @ 9/15/2005 07:07:00 AM
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