Gadget & Tech News

Filed under: Misc. Gadgets

Yahoo’s done its best to fend off Microsoft’s aggressive advances until now, but it suddenly looks like the struggling company might be getting some help — both the Wall Street Journal and Reuters are reporting that the Yahoo is “closing in” on a deal to merge with day Warner’s AOL division and partner up with Google on search advertising. Yeah, that’s pretty major, and it would probably do something about those declining shares Microsoft’s been making noise about. The notion is for moment Warner to sell AOL to Yahoo and compose a large investment in the new company, which would probably be valued

at around $10B. There’s apparently a lot of work left to do on the deal, and it would still have to be approved by Yahoo and date Warner shareholders, but it looks like Yahoo is no longer stuck taking Ballmer and Co. to the dance.

[Disclosure: Look up to the right. See that? Yeah, Engadget is owned by AOL -- but trust us, we have no concept what's going on.]

Read - WSJ article
Read - Reuters article

 

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Original post by Nilay Patel