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Time Warner CEO would consider AOL mergers

The CEO of Time Warner, Jeff Bewkes, has said that he is open to merging AOL with another company in “whatever configuration makes it the strongest and the most valuable”, reports The New York Times.

AOL to buy social network Bebo for US850M

AOL plans to acquire social networking site Bebo for US$850 million, a move reports suggest could put to rest rumours that AOL is pursuing a deal with Yahoo! in an attempt to help Yahoo! fend off Microsoft’s acquisition efforts.

Microsoft pitches merger vision to Yahoo!

Yahoo! and Microsoft senior executives met earlier this week for the first time since Microsoft placed its February bid for the firm, reports The Wall Street Journal.

Microsoft linked to AOL bid after Yahoo talks fail

Time Warner’s AOL has reportedly approached Microsoft and promoted itself as an alternative to Yahoo following Microsoft’s decision at the weekend to call off its planned takeover of the web search company.

Carphone Warehouse spins-off retail business

Carphone Warehouse, Europe’s largest independent mobile phone retailer, is to spin-off its 2,400-strong retail network in a deal with Best Buy, the US consumer electronics retail giant.

AOL completes Bebo acquisition

AOL has started to detail its integration plans for social network Bebo as its US$850M takeover deal is completed, reports The Guardian. Bebo will be folded into a new AOL business unit called People Networks.


AOL targets ads on iPhone

DMNews notes that AOL is launching a new mobile platform gearing advertising to iPhone users. The new platform will be available through AOL’s Platform-A unit, under its mobile marketing firm Third Screen Media.

MobUI buys Action Engine

Mobile-app development company MobUI announced yesterday that it has raised an undisclosed amount of funding and acquired Action Engine, a fellow mobile-app firm with customers including TiVo, AOL, and the Wall Street Journal.

Ex-AOL boss eyes Yahoo

Reuters notes that former AOL chief executive Jonathan Miller is seeking as much as US$30 billion from investors to buy all or part of Yahoo, according to a Wall Street Journal report.

AOL hires Garlinghouse to lead Internet, mobile communications

Bloomberg reports that AOL, the online unit being spun off from Time Warner, named Brad Garlinghouse as president of Internet and mobile communications to help expand its e-mail and instant-messaging business.