Yahoo!'s (YHOO) New Board Authorizes Fresh Talks With AOL

According to reports from FT.com, Yahoo!'s (Nasdaq: YHOO) new board of directors have authorized fresh talks with Time Warner's (NYSE: TWX) AOL unit about a possible business combination.

The new Yahoo! board includes Carl Icahn and two allies former Viacom (NYSE: VIA.B) boss Frank Biondi and former Nextel (NYSE: S) head Frank Chapple.

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