Michael Arrington over at TechCrunch announced the possible merger of AOL and Yahoo! Arrington claims the merger could take place as soon as this month. It seem that AOL’s parent company TimeWarner is anxious to see this deal succeed.

While such a merger could prove an effective way for AOL to monetize its media assets through Yahoo’s advertising platform, Arrington correctly points out that Yahoo “can’t succeed in the long run without strong and competitive search advertising.”