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Google To Own 5% of AOL

30th Mar 2006, 07:59 GMT

Google has written up an expansion of the deal with Time Warner's AOL that will show a 5% ownership in the business. This is in exchange for a $1 billion investment scheduled to be made in the next three months. AOL will get a nice $300 million Google credit to advertise its products and services through Google Ads, and the rest of their network. Through this deal with AOL, Google being a 5% owner, will have rights that will enable them to push for AOL to be a publicly traded company. Read | Permalink | Email this | Linking Blogs | Comments

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