NY Post: Time Warner, Microsoft in talks over AOL
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Citing two unnamed sources familiar with the matter, the Post said the talks concern Microsoft acquiring an AOL stake and then combining it with Microsoft's Web unit MSN. Microsoft would pay Time Warner for the AOL stake, leaving the two companies approximately equal partners in the venture, the Post said. A Time Warner spokeswoman declined to comment. Microsoft was not immediately available for comment. Richard Greenfield, an analyst at Fulcrum Global Partners who said he himself was not aware of the talks, said that he thought any such deal could be premature for Time Warner, even if a combination could reduce costs.
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