Gadling covers the Olympics

Google To Own 5% of AOL

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.

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.

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Other Weblogs Inc. Network blogs you might be interested in: