AOL: Time Warner Keeps Talking

It still hasn't picked either Google or Microsoft to continue exclusive negotiations with, thanks to a deal's complexity

Efforts to find a partner for Time Warner's (TWX) AOL Internet unit are taking longer than expected, according to a Time Warner executive. The media giant has been in discussions with Google (GOOG) and Microsoft (MSFT), which are both interested in creating a joint venture with AOL. Time Warner had hoped to begin exclusive talks with one company or the other by Friday, Dec. 9, the executive says, who adds that in retrospect, that timetable was "optimistic."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.