Monday, December 19, 2005

Google Buys Portion of AOL

Tomorrow Time Warner is expected to announce that Google will purchase a stake in AOL. Google will pay $1 billion for 5 percent of the online company. Google beats out Microsoft in the deal. The partnership will allow more advertising opportunities for AOL on Google sites, as reported in the New York Times. I'll be interested to see how it will affect AOL's marketshare and potential offerings.

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