Time Warner-Microsoft Ad Deal Near?
A Reuters newswire article, via CNN/Money, reports that:
Time Warner Inc. is closing in on a deal with Microsoft Corp. to team up on an online advertising service to compete with Google Inc., the Wall Street Journal reported Tuesday, citing people familiar with the talks.
The paper said the two companies were now focusing on a deal that would combine their advertising-related assets, with little or no money changing hands.
It said they expected to reach an agreement before the end of the year, but that it was still possible that Time Warner's America Online unit could strike a deal with competitor Google instead.
Time Warner has been holding talks with both Microsoft and Google over AOL, sources familiar with the situation have told Reuters and other media.
posted by Fergie @ 12/06/2005 05:42:00 AM
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