Sources: AOL May Make Bid for Yahoo

(NECN) - Yahoo's financial troubles could turn the Internet company into a takeover target for the second time in less than three years.

AOL and several corporate buyout firms are reportedly exploring a bid for Yahoo.

The Wall Street Journal reports the talks are preliminary and have not involved Yahoo, but the news lifted Yahoo's shares yesterday by more than 10% in after-hours trading.

In  May 2008, Yahoo rejected a $47.5 billion takeover bid from Microsoft.

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