The next big dot-com deal could be in the works amid reports that Time-Warner is talking to Microsoft about selling a stake in AOL to the software giant. Maybe my prediction of a dot-com buying spree will happen sooner rather than later. If Microsoft and Time-Warner do strike an agreement, it would be deliciously ironic given a potential deal in 1992 fell apart after a disastorous meeting between Bill Gates and Steve Case. Apparently, Gates opened the meeting by saying "I can buy 20% of you or I can buy all of you. Or I can go into this business myself and bury you.". This prompted Case to quickly respond "This company is not for sale". And the rest was history....
Update: According to Bloomberg News, Merrill Lynch analyst Luaren Rich Fine believes Google could acquire AOL.