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RSS feedsYahoo is understood to be close to joining forces with AOL to ward off the predatory attention from Microsoft.
Under a deal being discussed Yahoo would buy back billions of dollars worth of its own shares, receive an investment from AOL's parent Time Warner, gain control of AOL and in return give up 20 per cent of the merged group, reports said.
But it has also emerged that Microsoft and News Corp could launch a joint offer for the search engine giant, which rejected a $44.6bn (£22.5bn) hostile bid from Microsoft earlier this year.
A successful deal would combine Yahoo with Microsoft's MSN and MySpace, owned by News Corp.
See also:
But search giant opens the door to further negotiations 07 Apr 2008
The software giant is pushing for progess in its £22.4bn hostile acquisition bid 07 Apr 2008
The OpenSocial Foundation will help to create applications for Facebook rivals 26 Mar 2008
Microsoft chief executive Steve Ballmer talks exclusively to Computing 06 Mar 2008The software giant will increase investment in search, with or without buying Yahoo 19 Feb 2008All IT Finance & Reporting Tags: Internet, Communications, Strategy
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