Fergie's Tech Blog

Carl Icahn Seeking to Derail Google and AOL Deal

Via Reuters.

Dissident shareholder Carl Icahn aims to block an alliance by Time Warner Inc.'s America Online unit and Web search leader Google Inc. saying the pact could undermine a potential merger between AOL and a Google rival, the billionaire investor said on Monday.

In a letter to Time Warner's board of directors, Icahn said that the company appeared to be on the verge of a "disastrous decision" following reports it is in talks to sell a 5 percent stake of its AOL Internet unit to Google Inc.

posted by Fergie @ 12/19/2005 11:30:00 AM