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Facebook and AOL planning online ad alliance?

Internet firms Facebook and AOL are discussing a strategic alliance aimed at boosting their online advertisement business, according to a news report.

The New York Post cited three separate sources saying the the two companies have been talking for several months about a partnership that would allow Facebook to tap AOL in selling online advertisements.

One possibility for AOL is being named a "preferred media partner" to Facebook, a source told the Post.

"We do not comment on market rumors," an AOL spokesman told the newspaper. Facebook also declined to comment to the Post on a potential partnership.

Both could not immediately be reached for comment by Reuters outside regular U.S. business hours.

Read the full report here.

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