The Seattle Times: Business & Technology: AOL says no to Microsoft, opts to stick with Google: "Lately Time Warner has been under pressure from investor Carl Icahn to increase the value of AOL. Google's reported $1 billion investment is for a 5 percent stake in AOL, valuing the business at $20 billion. A steal, compared with what Time Warner paid."
Somehow I won't be surprised if there are lots of headlines about Microsoft/Yahoo! relationship changes over the next few weeks...
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