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Parsons: Sale of Stake in AOL to Google, Comcast is "Market Rumor"

Authored by Mark Hefflinger on October 14, 2005 - 4:03am.
Mountain View, Calif. - Richard Parsons, the CEO of media giant Time Warner, said that reports about his company's possible sale of a stake in its America Online unit are nothing more than a "market rumor," Reuters reported on Friday. Parsons brushed aside news reports that had his company selling a minority stake in AOL to Google and Comcast, and also said there were no plans for an Internet deal with Microsoft, another hot rumor in recent weeks. "It's market rumors, and I can't curb market rumors," Parsons said at a luncheon in Hong Kong on Thursday, declining further comment. Reuters said that two different sources had confirmed its story about a possible deal with Comcast and Google worth up to $5 billion. Meanwhile, various outlets reported on Friday that Yahoo is also considering buying a stake in AOL, although a person close to the talks told the Associated Press that Yahoo's negotiations with Time Warner are not as advanced as those being held with AOL's other purported suitors.
tags: AOL | Comcast | Google | Parsons | Market Rumor |