After Spurning Microsoft, Yahoo Reaches Out to AOL

Now that Yahoo has formally rejected Microsoft’s unsolicited $44 billion buyout bid, the Internet company has set its sights on its own deal with AOL.Yahoo reached out to AOL to gauge the Internet pioneer’s interest in some sort of deal, according to someone familiar with the situation who spoke on condition of anonymity because the talks are private. Yahoo is contacting a number of possible partners, the source said, and it is unclear whether the company seeks a buyout or partnership with AOL.

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