Yahoo Delays Date for Nominating Board

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According to the Associated Press, Yahoo has extended a deadline for nominating candidates to its board. Apparently Yahoo is stalling for more time to figure out a way to fend off a Microsoft takeover.

The announcement Wednesday comes amid published reports that Yahoo has stepped up discussions with Time Warner Inc. about acquiring or forming a joint venture with its AOL online unit to fend off the world's largest software company.
 
Yahoo is trying to buy AOL from Time Warner?

What are they going to give them for AOL? An IOU? Although I guess from Time Warner's standpoint, they probably never had made back the money the spent on AOL yet so this is probably the closest way to them doing so.
 
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