Saturday, December 17, 2005
Google takes $1 billion AOL stake
After months of speculation over Time Warner's plans for AOL, the fix is finally in: Google will pay TW a whopping $1 billion for a 5% stake in the business, giving the AOL group an estimated value of $20 billion. The deal locks the two companies together in a more formal way — AOL is already Google's top source of ad revenue — and leaves Microsoft on the outs in its efforts to carve out a more significant chunk of the sponsored search market.
[via Download Squad]
