- Associated Press - Monday, December 6, 2010

NEW YORK (AP) — A published report says AOL Inc. is considering breaking itself up and then combining its content division with Yahoo Inc.

The news agency Reuters said Monday AOL’s plans are in the exploratory stage and that the internet company has not approached Yahoo. Reuters cites unidentified people close to the plans.

Under the transaction reportedly being considered, AOL would sell its sinking dial-up business to another Internet service provider and combine its content business with Yahoo, which publishes news and a widely used network of maps.

Time Warner Inc. bought AOL, then a ubiquitous Internet service provider, in 2000 for $162 billion, only to spin it off in 2009. As of Monday, AOL’s market cap is $2.69 billion.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide