The Wall Street Journal (4/25, Steel, B1, 2.06M) reports, “A yearlong effort by AOL to transform its content Web sites into crowd-pleasers is beginning to pay off.” The Journal continues, “Traffic to the sites — including AOL Money & Finance, entertainment, and the male-oriented Asylum — grew 15% to 56.5 million unique U.S. visitors in [...]
As Google, Microsoft, and Yahoo all wrestle with Microsoft ’s attempt to buy Yahoo , Google decided it needed some outside counsel. Google CEO Eric Schmidt chose none other than Frank Quattrone, who was cleared of obstruction of justice charges last year, to whisper sweet hostile take-over nothings into his ear.
For the last two-plus months, [...]
The announcement that Yahoo and AOL may be closer to a deal to combine forces, as well as the possibility of help from News Corp in allowing Microsoft to acquire Yahoo, sparked heavy coverage in the major print and online news sources, with many stories appearing on the front pages of papers and Business sections. [...]
Yahoo! Inc., fending off Microsoft Corp.’s $44.6 billion acquisition offer, is close to striking an agreement to combine operations with Time Warner Inc.’s AOL unit, a person familiar with the situation said.
Yahoo would gain control of AOL, receive an investment from Time Warner, and give up a 20 percent stake in the combined entity, said [...]