Yahoo Going AwOL?

Yahoo and Time Warner are said to be "closing in" on a deal that would merge Yahoo with AOL.

AOL! Really, I'm not making this up.

The word is that Yahoo would get some cash from Time Warner as well as a 20 percent stake in the combined company (minus the crappy dial-up business - it's worth an estimated $10 billion).

But wait! There's more!

At the same time ol' Jerry is reported to be in talks with... wait for it... Google. Apparently Yahoo finally got the idea that maybe - just maybe - Google was better at handling the search advertising - so they are looking to outsource it to the multi-colored-logo 800 pound gorilla.

But wait! There's still MORE!

The New York Times reported that Microsoft and Rupert Murdoch's News Corp are in negotiations on making a joint bid for Yahoo. That merger would join Yahoo, Microsoft Corp's MSN and News Corp's MySpace, the paper said.

Wow.

Of course talking about doing a deal and doing a deal are two different things - but jeez! So... I guess Jerry Wang really, really, really, REALLY doesn't want to dance with Steve Ballmer!