The offer of $50 per share is a premium of 17.4 per cent to AOL's Monday close.
Internet services entity AOL Inc has announced three acquisitions, including technology blog TechCrunch as part of an effort to bolster its content offerings.
Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo's valuable stakes in Asian Web companies.
Google Inc is expected to command more than a third of the world's $140 billion digital advertising spending this year
Google Inc and Comcast Corp are in talks with Time Warner Inc about acquiring ownership stakes in America Online's Web portal AOL, a person familiar with the discussions said.
Media giant AOL, along with some private equity firms, is 'exploring' making an offer to buy Yahoo Inc, as the Internet company deals with poor financial performance and an exodus of senior executives, a media report said.
AOL Time Warner Inc said on Thursday that outspoken media mogul Ted Turner will stay on the company's board even after he steps down from his position as vice chairman in May, ending months of speculation.
That's because India does not have a serious venture capital industry with an appetite for risk, observes T N Ninan.
Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
In the latest deal in the rapidly-expanding online music business, MusicNet said on Thursday it will offer more than 350,000 songs to subscribers in Microsoft Corp's Windows Media format.
Buffett had said in a CNBC interviewthat Yahoo's business had deteriorated significantly and that "something has to change there."
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
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