News of Microsoft's unsolicited bid to buy Yahoo may have far-reaching implications for the mergers and acquisitions frenzy that has come to dominate interactive industry headlines. According to a report in The New York Times, a redrawing of the industry landscape could put AOL in play.
While rumors have long circulated about AOL's parent Time Warner looking to spin-off the internet giant, a united Yahoo and Microsoft -- still a big if -- could prompt Google to reconsider its position with respect to AOL.
Google, which handles search for AOL, already owns a 5 percent stake in the company.
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