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October 13, 2005

Time Warner has two new suitors for its AOL unit

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Posted by Dominic Basulto

Not only is Microsoft considering a bid for Time Warner's AOL unit - now it appears that Google and Comcast also are talking to Time Warner (off the record) about a potential deal. Google and Comcast, though, want nothing to do with AOL's dial-up business - they just want access to AOL's web portal and content. According to the New York Times, "the development means that Time Warner, which has long been under pressure by Wall Street to sell off its AOL unit, now finds itself in the enviable position of having multiple suitors, which may drive up AOL's value." Somewhere, corporate raider Carl Icahn must be smiling - he's been pressuring Time Warner to do something - anything! - to unlock shareholder value.

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