MS and Yahoo were also in the race with Google to obtain a huge part of AOL....the winner? Google!
Online search engine Google has confirmed it will invest $1bn to take a 5% stake in Time Warner's AOL unit as part of a major strategic alliance.
The deal, which follows intense negotiations between the two US internet giants, values the troubled AOL unit at $20bn.
The global online advertising partnership will make more of AOL's content available to Google users.
The agreement shuts out software giant Microsoft from a rumoured AOL tie-up.
"We're very pleased to build significantly on our special relationship with Google," said Time Warner chief executive Dick Parsons.
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Google HAS $1bn stake in AOL
Started by
Neon
, Dec 21 2005 04:16 PM
4 replies to this topic
#2
RedInferno
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Your mom
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Posted 21 December 2005 - 07:08 PM
LOL, in my opinion, that's a poor investment 
Unless it's to shut out M$
Unless it's to shut out M$
#3
Neon
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Karl
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Posted 21 December 2005 - 08:19 PM
i think its exactly that.
#4
RedInferno
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Your mom
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Posted 21 December 2005 - 09:09 PM
LOL, karl, i DID read your post you know
#5
Neon
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Karl
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Posted 22 December 2005 - 06:53 PM
i wonder what MS will do, they want some more of the internet market...maybe they will create opportunities instead of seeking other companies?
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