Google To Pay $1 Billion For 5 % AOL Stake: WSJ
BUSINESS/TECHNOLOGY -- UPDATED LINKS
COMMENTARY
With a per share stock price of $288, and a target price of $400, perhaps Google knows something that the AOL haters don't....
NEWSLINES
"This is our dream come true. Our fates are intertwined," said a person familiar with AOL's strategy to link its future to Google's.
"I call it a travesty," said Icahn, who is waging a proxy fight to replace Parsons and other members of the Time Warner board. "They should have allowed others to bid who wanted control of AOL."
NEWSBYTES
Google to Buy 5% Of AOL for $1 Billion
(washingtonpost.com) Google Inc. is buying a 5 percent stake in Dulles-based America Online Inc. for $1 billion as part of a far-reaching business and advertising partnership aimed at boosting AOL's financial prospects as the Internet service struggles with the loss of millions of subscribers.
The five-year deal gives AOL new life by offering it numerous ways to garner more of the billions of dollars being spent on Internet advertising. It also deepens AOL's relationship with Google, the leading gateway to Internet sites for millions of computer users. Read full story.
Google will pay $1 bln for 5 pct AOL stake: report
(Reuters) Google Inc. plans to pay $1 billion for a 5 percent stake in Time Warner Inc.'s online unit AOL, The Wall Street Journal reported on Friday, citing people familiar with the situation.
TENSION: Google will take over the world
GRAVITY: Googlesphere
Tags: News, Computers and Internet, technology, America Online, AOL, New Media, online, Web2.0, Web 2.0, Microsoft, Yahoo, Google
MAINTAIN THE TENSION: VISIT OUR ADVERTISERS
COMMENTARYWith a per share stock price of $288, and a target price of $400, perhaps Google knows something that the AOL haters don't....
NEWSLINES
"This is our dream come true. Our fates are intertwined," said a person familiar with AOL's strategy to link its future to Google's.
"I call it a travesty," said Icahn, who is waging a proxy fight to replace Parsons and other members of the Time Warner board. "They should have allowed others to bid who wanted control of AOL."
NEWSBYTES
Google to Buy 5% Of AOL for $1 Billion
(washingtonpost.com) Google Inc. is buying a 5 percent stake in Dulles-based America Online Inc. for $1 billion as part of a far-reaching business and advertising partnership aimed at boosting AOL's financial prospects as the Internet service struggles with the loss of millions of subscribers.
The five-year deal gives AOL new life by offering it numerous ways to garner more of the billions of dollars being spent on Internet advertising. It also deepens AOL's relationship with Google, the leading gateway to Internet sites for millions of computer users. Read full story.
Google will pay $1 bln for 5 pct AOL stake: report
(Reuters) Google Inc. plans to pay $1 billion for a 5 percent stake in Time Warner Inc.'s online unit AOL, The Wall Street Journal reported on Friday, citing people familiar with the situation.
TENSION: Google will take over the world
GRAVITY: Googlesphere
Tags: News, Computers and Internet, technology, America Online, AOL, New Media, online, Web2.0, Web 2.0, Microsoft, Yahoo, Google
MAINTAIN THE TENSION: VISIT OUR ADVERTISERS
posted by Steven Moyer at 2:19 AM
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