The long-rumored Time Warner (TWX) deal to merge AOL into Yahoo! (YHOO) is nearly done, according to Time Warner insiders.
The deal should be difficult to do, but TWX CEO Jeff Bewkes may feel humiliated if he can’t land a transaction. Yahoo! trades at a multi-year low, at $12, making its market cap $17 billion. It can hardly pay a great deal for AOL with it own value so sharply cut over the last several weeks.
But, the deal could be announced in the next day or two.
Douglas A. McIntyre
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