Source:money.cnn.com

Fortune magazine is reporting that Yahoo! has recently approached Time Warner about a possible purchase of AOL.

The report has given rise to speculation about the future of Yahoo! But a source close to Yahoo disputes that Yahoo approached Time Warner and says that there are no active conversations between the two companies. 

In an interview with the Sunday Telegraph, Jonathan Miller, chief executive of AOL, admitted that the Time Warner board is actively considering selling AOL to the highest bidder.

Miller confirmed that the issue is now on the agenda following the sale of the group’s broadband businesses in Europe.

"It’s possible, going forward. It’s not a discussion that Time Warner has a problem with understanding or engaging in. Until we were on this present course, it wasn’t even the right discussion. Now it becomes more interesting."

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