AOL (AOL) is reportedly actively exploring a breakup involving a complicated series of transactions that could lead to a merger deal with Yahoo Inc. (YHOO).
Reuters is reporting that sources close to the situation said while the plans — which are considered to be “with complications involving myriad moving pieces” — are still in the exploratory stage, and Yahoo has not been contacted, AOL is considering breaking its two main businesses. Its dial up internet service apart from its advertising and content business, which could be merged with Yahoo.
Reuters noted that the latest discussions are derivatives of plans contemplated in 2008 and 2009 before Time Warner (TWX) spun off AOL to Time Warner shareholders.
At last check, shares of Yahoo were flat at $16.35, while shares of AOL gained 43 cents, or 1.71%, to $25.61.
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