The News Tribune (Lite) - Shunned by Microsoft, Yahoo reported to be in talks with Time Warner

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Section: Business

Shunned by Microsoft, Yahoo reported to be in talks with Time Warner

THE NEWS TRIBUNE
Yahoo Inc., facing dimming prospects for a takeover by Microsoft Corp., is continuing discussions to buy Time Warner Inc.’s AOL business, people familiar with the matter said.

Yahoo and Time Warner executives have met in the past few weeks and continue to negotiate over terms, said two people familiar with the situation. Time Warner would hand over AOL’s advertising business to Yahoo in exchange for a stake in the combined company, said the people, who declined to be named.