AOL-Google Vote Set for Tuesday
The board of Time Warner on Tuesday is expected to add its approval of a deal that would give Google a 5 percent stake in America Online for $1 billion while allowing AOL to sell ads on the search engine’s expansive network of Internet sites.
The agreement leaves Microsoft, which is expected to unveil new search technology next month, without a major ally in its battle with Google for domination of the interactive advertising industry. Microsoft had negotiated with Time Warner for months in an attempt to develop a working relationship with AOL, but was upstaged in negotiations that ended on Friday.
Yahoo also talked with Time Warner, but pulled out during November after reports it offered 20 percent of Yahoo’s stock for AOL, a deal that would have valued America Online at about $10.6 billion.
posted by Fergie @ 12/17/2005 11:40:00 AM
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