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Microsoft, from Yahoo to AOL?

So now Microsoft is reportedly in buyout talks with AOL. Its original offer for Yahoo made sense at the time, but it is curious that Microsoft is so interested in '90s era Internet companies. A Microsoft/AOL combo would hardly be a threat to Google. Facebook, Twitter, Digg, Fark ... these are the types of Internet companies that Microsoft should invest in. And rather than owning and dominating, how about investing and collaboration? That's the key to the Internet today. What would Microsoft even get with AOL? Seems as if it would be an insignificant user/ad base and maybe even a lot of aging infrastructure.

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