Google Signs Agreement for AOL Stake
A Reuters newswire article, via CNN/Money, reports that:
Internet search leader Google Inc. on Wednesday said it signed a definitive agreement for its planned purchase of a 5 percent stake in Time Warner Inc.'s AOL.More here.
Google struck an agreement with Time Warner in December to purchase a $1 billion stake in the AOL online division and agreed to expand its Web search and advertising alliance.
Google said the two sides signed definitive agreements governing the investment on March 24, according to a filing with the U.S. Securities and Exchange Commission. The deal is still expected to close in the second quarter.
posted by Fergie @ 3/29/2006 12:49:00 PM
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