AOL, Yahoo Accelerate Talks To Thwart Microsoft Bid.

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 Is Close to Combining With AOL

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 [...]

Yahoo Again Turns Down Microsoft Offer, Looking For Sweeter Bid

Yahoo’s response to the latest inquisition by Microsoft about the company’s proposed takeover bid sparked heavy coverage in major print and online news sources. Analysts emphasized their belief that Yahoo has been unable to find a partner to team with instead, and they are certain that as time goes on, Yahoo is weakening its ability [...]