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Troubled US web portal firm Yahoo! is in negotiations to buy Time Warner Inc's AOL business, the financial news agency Bloomberg reported on 20 November Yahoo!.
Which earlier in the week rejected a 47.5-billion-dollar take-over bid by Microsoft in a move that saw the resignation of CEO Jerry Yang, is according to Bloomberg bidding for AOL's web advertising business in return for a stake in a new combined company.

Copyright Deutsche Presse-Agentur, 2008

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