Yahoo's new board approved talks with Time Warner, which is contemplating the future of its troubled AOL division.
Yahoo's new board on Tuesday approved a new round of discussions with Time Warner over the future of its AOL unit, the Financial Times said, citing a person familiar with Yahoo's thinking.
The green light for the talks came as Yahoo's directors met for the first time since activist investor Carl Icahn was granted access to the boardroom, the paper said.
Active deal negotiations are not underway at this stage, the paper said.
Yahoo could not be immediately reached for comment.
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