#Google and AOL
[tag]Time Warner[/tag] Plans to Sell 5% of [tag]AOL[/tag] to [tag]Google[/tag]:
Finally [...] Richard D. Parsons [...] told Eric E. Schmidt [...] that he would accept Google’s recently sweetened offer. Google, which prides itself on the purity of its search results, agreed to give favored placement to content from AOL throughout its site, something it has never done before. [...] …Mr. Parsons called Steven A. Ballmer [...] this morning to give him the news that the deal [...] was going to Google…
And you thought Ballmer was pissed already, eh?
[...] As noted last week, Google and AOL are on the merge. And today it’s official. [The] comments followed a decision by Time Warner’s board of directors on Tuesday to approve a deal in which Google, the world’s leading internet search company, will pay $1bn for a 5 per cent stake in AOL, giving the business an implied value of $20bn. [...]
December 20th, 2005 at 7:42 pm