Google’s $1Bln Stake In AOL Takes A Dive
August 08, 2008 at 15:30 PM EDT
On December 2005, Google Inc. (GOOG) and AOL — a wholly owned subsidiary of Time Warner Inc. (TWX), announced an expansion of their existing strategic alliance by creating a global online advertising partnership with the inclusion, at the time, of $1 billion investment by Google in AOL - for a 5% indirect equity stake. Two [...]
