Yahoo is rumoured to be in talks to buy Internet stock darling Excite@Home in what is believed to be an over $US17 billion deal.
Business Week Online claims sources close to the companies report that they have been in negotiations for the last six weeks.
An Australian Yahoo spokesperson politely said all company employees have been told not to comment on the issue.
The spokesperson did indicate, however, that she was expecting to start fielding calls from the media. "You are the first person to call," she quipped.
The deal may not come as too much of a surprise to some industry pundits, given the popular nature of such acquisitions.
When @Home announced in January it would buy Excite for $6.7 billion in stock, Excite shares soared 63 per cent the day the deal was made public, while @Home's stock rose 13 per cent, Business Week reports.