Report: Yahoo board approves AOL talks
Yahoo's shiny new board has decided to move forward with talks with Time Warner about the future of its AOL division, according to the Financial Times.
Citing an unnamed source familiar with the company, the report says active negotiations are not taking place yet--just that Yahoo could sit down to the table over the matter.
Time Warner CEO Jeff Bewkes confirmed last month that the company will split up AOL's media and Internet access groups. And there has been wide speculation that the company may just ditch the ailing business unit altogether.
Earlier this year, talks between Yahoo and Time Warner heated … Read more