AOL Pursue Yahoo Deals.

Yahoo Inc. and Time Warner Inc.'s AOL are closing in on a deal to combine their Internet operations, a move aimed at thwarting Microsoft Corp.'s effort to acquire Yahoo, people familiar with the matter said Wednesday.

The AOL-Yahoo deal under consideration would include the repurchase of some Yahoo shares at a price above Microsoft's offer. Taken together with a possible search-advertising pact with Google Inc., the plan could give Yahoo an alternative to a Microsoft takeover -- although many analysts and investors believe Microsoft will ultimately win out. At the least, Yahoo's efforts could give it more leverage to negotiate a higher price from Microsoft.

View: Full Article @ Wall Street Journal

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AOL learned to diversify its business to stay alive, it still has a lot of software companies under its belly. Although i dont think www.bebo.com was worth buying for $850 million dollars last month, that was a bad move.

You guys are something....AOL is not the same today as it was in 1998. It is absolutely the most engaging portal out of all the choices out there. As someone who has followed their transition from ISP to media/content provider, they've done a phenomenal job with their transformation -- stylish and relevant blogging, an innovative IM client, exhaustive and well-organized news offerings, excellent sports content, unlimited e-mail storage, three file storage options, and more.

Lose the stigma already. They've earned my respect, which says nothing to you I'm certain, but I am as cynical and critical as the next person here when it comes to internet brands.

My gosh!
Yahoo can't be THAT dumb, can they? I know it's all about that ungodly last big dollar, but please, anybody other than AOHELL!!