March 30, 2006
Google To Own 5% of AOL
Read complete article by Chris Gilmer from The Unofficial Google Weblog
Google has written up an expansion of the deal with Time Warner’s AOL that will show a 5% ownership in the business.
This is in exchange for a $1 billion investment scheduled to be made in the next three months.
Read | Permalink | Email this | Linking Blogs | Comments
This is in exchange for a $1 billion investment scheduled to be made in the next three months.
AOL will get
a nice $300 million Google credit to advertise its products and services through Google Ads, and the rest of their
network.
Through this deal with AOL, Google being a 5% owner, will have rights that will enable them to push
for AOL to be a publicly traded company.
Filed under: Uncategorized
