The AOL UK buyout might be done

To be filed under AOL speculation. According to NewsWireless, a source close to the German telco Deutsche Telekom told that the AOL UK buyout was done, and would be announced this week.

Among the pretenders, BSkyB, Orange/Wanadoo and British Telecoms have been racing to take over the sister company of AOL-Time Warner.

“But if the deal does go this way, it looks as if there will be tears behind the scenes, since Orange/Wanadoo has apparently been told by the organizing bank Citigroup that its offer was the highest at the weekend.”

Jul 4, 2006 | By Nuno

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