Yahoo Spends Holiday Weekend With Time Warner

07 July 2008

SUNNYVALE, California: Resuscitated merger talks between Yahoo and Time Warner (reported Friday) continued through the holiday weekend as the beleaguered internet portal remained closeted with lead advisor Goldman Sachs and its hoped-for White Knight – Time Warner.

Desperate to agree a deal ahead of its annual meeting on August 1 – and thereby fend-off Carl Icahn's attempt to unseat its entire board – senior Yahoo executives are reportedly proposing a merger with TW's equally frail AOL which, if agreed, would be valued at around $10 billion (€6.37bn; £5.04bn).

Meantime, Microsoft continues to lurk menacingly in the wings, similarly desperate for a readymade solution that will help close the widening gap between its MSN search facility and Google.

Data sourced from The Times (UK); additional content by WARC staff