Yahoo - AOL
so apparently I won't quasi be working for Yahoo....cmon Google!
Yahoo backs off bidding for AOL stake
Yahoo backs off bidding for AOL stake
NEW YORK--Internet media company Yahoo has backed out of the running to buy a stake in Time Warner's America Online Internet unit.
"After we learned what their proposed deal terms were, we passed and we've never looked back," a Yahoo spokeswoman said on Thursday, confirming a report in the Wall Street Journal.
She denied that the company had made an offer for AOL but confirmed that Yahoo Chief Executive Terry Semel met with Time Warner chairman Richard Parsons in October.
The paper, citing a person familiar with the matter, said Time Warner signaled it wasn't interested in the terms Yahoo was willing to offer.
