Google nets $1bn stake in AOL

gameboy

gameboy

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SEARCH engine Google has confirmed it will invest $1 billion (£573 million) to take a 5 per cent stake in Time Warner's AOL unit.

The deal, which follows intense negotiations, values the troubled AOL unit at $20bn. The global online advertising partnership will make more of AOL's content available to Google users, shutting out software giant Microsoft from a rumoured AOL tie-up.

Source: Scotsman
 
Llew

Llew

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#2
I like the way these huge sums are bandied about by these firms. Must be the GNP of some small countries.

Llew
 
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