In a move which marks a notable revamp of its portal Games. com, AOL has launched a new Games. com version, bringing on new personalization and discovery features, as well as unfolding a novel multi-device experience and an online-games library.

According to an All Things D report, citing unidentified sources in the know of the proceedings at AOL, the New York-based Internet company is - after an assessment of tax considerations and discussions with leading shareholders - planning a stock buyback with the $1.05 billion amount it has raised from patent portfolio sale.

AOL might soon fall in the kitty of Micorsoft. According to the sources it has been claimed that CEO, Armstrong is also seeking for negotiating a deal with Google.

It is believed that the deal which soon be materialised has been hindered by the interference of Google who plans to renew the deal.

With the aim to improve user experience and a part of the internet company's ongoing effort to offer new and improved features, AOL Inc. is now letting users of its AIM instant messenger to chat with their Facebook friends.

On Wednesday, AOL unveiled a new version of AIM, which effectively manages to connect with Facebook's instant-messaging function, allowing users to carry out conversations with friends who are logged on-to the social networking website's chat service.