Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

theflyonthewall.com: Yahoo!-YHOO drops out of running for stake in TWX's AOL-WSJ

YHOO said it has dropped out of the running to buy a stake in TWX's AOL. A YHOO spokeswoman said the company's CEO, Terry Semel, met with TWX chairman Richard Parsons, but denies YHOO ever made any offer for a stake in the web portal. "After we learned what their proposed deal terms were we passed and we've never looked back," said the spokeswoman. Another source said TWX was not interested in the terms YHOO was offering. GOOG and MSFT are both "still neck and neck" in discussions for a stake in TWX's AOL, said people familiar with the matter, and TWX is expected to select a partner as early as next week.