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With Stock Below $20, Yahoo Board Authorizes Fresh AOL Talks: Report

So what happened at Carl Icahn’s first Yahoo (NSDQ: YHOO) board meeting? Apparently the board authorized talks about a potential combination with AOL (NYSE: TWX). FT is reporting that while talks have been authorized, there’s nothing actually happening just yet. It’s not clear what the shape of a Yahoo-AOL combination would be, if it ever got to that. Back when Yahoo was scrambling for anything other than Microsoft (NSDQ: MSFT), in the spring, a variety of potential tie-ups were discussed. Meanwhile, Time Warner CEO Jeff Bewkes recently said that the ultimate fate of AOL would be known “soon,” and that a lot of talks remained ongoing. So if Yahoo — whose shares remained mired below $20 — calls, he’ll surely pick up the phone.

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