Friday, December 16, 2005
Google in talks to buy 5 pct of AOL: source - Yahoo! News:
"NEW YORK (Reuters) - Web search leader Google Inc. (Nasdaq:GOOG - news) is in exclusive talks to buy a 5 percent stake in Time Warner Inc.'s (NYSE:TWX - news) AOL Internet unit for $1 billion, a source familiar with the matter said on Friday.
A deal would shut out Microsoft Corp. (Nasdaq:MSFT - news), which was seeking its own arrangement.
News of the deal, first reported by the Wall Street Journal, propelled Google shares to a record high.
Under the terms of the proposed deal, which could close within days, Google would continue to provide AOL with its paid search advertising technology for five years, the source said..."
"NEW YORK (Reuters) - Web search leader Google Inc. (Nasdaq:GOOG - news) is in exclusive talks to buy a 5 percent stake in Time Warner Inc.'s (NYSE:TWX - news) AOL Internet unit for $1 billion, a source familiar with the matter said on Friday.
A deal would shut out Microsoft Corp. (Nasdaq:MSFT - news), which was seeking its own arrangement.
News of the deal, first reported by the Wall Street Journal, propelled Google shares to a record high.
Under the terms of the proposed deal, which could close within days, Google would continue to provide AOL with its paid search advertising technology for five years, the source said..."
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