Microsoft Meets With AOL to Explore Possible Deal

Microsoft will sit down today with executives from Time Warner's AOL to explore a joint venture between the two companies, reports the Wall Street Journal. The software giant is looking for alternatives to its failed Yahoo buyout. Microsoft and Time Warner have been considering a deal for months, though no specifics have been ironed out. Yahoo, meanwhile, is pursuing its own talks with AOL as it fights off a hostile takeover attempt led by Carl Icahn. (More Microsoft stories.)