March 12, 2008 12:48 PM PDT

Disney won't try to buy AOL, CEO says

Walt Disney is eyeing acquisitions, but AOL is not one of them, according to the Associated Press.

Disney Chief Executive Robert Iger, speaking at a media conference on Wednesday, said the company is interested in purchasing other companies, but not Time Warner's AOL.

Time Warner Chief Executive Jeff Bewkes has said his company would consider selling off or spinning out AOL.

Regarding reports that Yahoo is looking to partner with another company to thwart a takeover bid from Microsoft, Iger said: "We watch these things from afar."

Elinor Mills covers Internet security and privacy. She joined CNET News in 2005 after working as a foreign correspondent for Reuters in Portugal and writing for The Industry Standard, the IDG News Service, and the Associated Press. E-mail Elinor.

Topics:: Media

Tags:: Disney,; AOL,; M&A

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