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Sources: AOL not bidding for Red Hat | |
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||
| Time: 17:34 EST/22:34 GMT | News Source: News.com | Posted By: Byron Hinson | ||
|
AOL Time Warner apparently is not making a bid to buy Linux manufacturer Red Hat, said sources familiar with the matter. On Saturday, the Washington Post reported that the media giant was near to cutting a deal with Red Hat in a competitive strike against Microsoft. Sources familiar with the situation emphatically insisted the two companies are not near an acquisition deal, nor have they discussed one. An AOL Time Warner spokeswoman, as a matter of company policy, would not discuss the merger rumor, and Durham, N.C.-based Red Hat could not be reached for comment because of the Martin Luther King Jr. holiday. A Microsoft spokesman also declined to comment. | ||
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