EnigmatriX
Discoverer
After years of languishing inside media giant Time Warner, America Online suddenly appears to be the belle with whom all the Internet heavyweights want to dance.
Google and Comcast are in serious talks to buy a minority stake in Time Warner's AOL, according to sources familiar with the matter. The investment talks, which would not include AOL's access business, are at a very early stage and could still fall apart.
However, the interest is undoubtedly a strategic counteroffer to Microsoft's reported bid for AOL, which would potentially combine two of the largest Internet portals and create the highest trafficked site on the Web.
Or not. Truth is, for all the smoke surrounding the future of AOL, there's precious little fire.
Time Warner CEO Richard Parsons has denied any discussions. He said recently that AOL is the future of the media giant, despite long-simmering investor sentiment that the $109 billion merger between Time Warner and AOL was a titanic waste of money.
Read more...
Google and Comcast are in serious talks to buy a minority stake in Time Warner's AOL, according to sources familiar with the matter. The investment talks, which would not include AOL's access business, are at a very early stage and could still fall apart.
However, the interest is undoubtedly a strategic counteroffer to Microsoft's reported bid for AOL, which would potentially combine two of the largest Internet portals and create the highest trafficked site on the Web.
Or not. Truth is, for all the smoke surrounding the future of AOL, there's precious little fire.
Time Warner CEO Richard Parsons has denied any discussions. He said recently that AOL is the future of the media giant, despite long-simmering investor sentiment that the $109 billion merger between Time Warner and AOL was a titanic waste of money.
Read more...