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With Stock Below $20, Yahoo Board Authorizes Fresh AOL Talks: Report

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So what happened at Carl Icahn’s first Yahoo (NSDQ: YHOO) board meeting? Apparently the board authorized talks about a potential combination with AOL (NYSE: TWX). FT is reporting that while talks have been authorized, there’s nothing actually happening just yet. It’s not clear what the shape of a Yahoo-AOL combination would be, if it ever got to that. Back when Yahoo was scrambling for anything other than Microsoft (NSDQ: MSFT), in the spring, a variety of potential tie-ups were discussed. Meanwhile, Time Warner CEO Jeff Bewkes recently said that the ultimate fate of AOL would be known “soon,” and that a lot of talks remained ongoing. So if Yahoo—whose shares remained mired below $20—calls, he’ll surely pick up the phone.

Sep 23, 2008 8:48 PM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, AOL, Time Warner, Yahoo

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