Sunday, December 18, 2005
Google to buy 5% of AOL for $1 billion and other treats
Microsoft had been courting AOL now for quite sometime but it looks to have been hype in order to get a great deal from Google. AOL have now got that great deal. It will see Google pay $1 billion for a 5% stake. The deal will strengthen the advertising partnership between Google and their biggest customer by allowing AOL to sell advertising on behalf of Google and also will see AOL image advertisements incorporated into Google's search results pages. These image advertisements will be the first time Google have allowed this. Google's stock price rose on the news.
Full story here: http://www.siliconvalley.com/mld/siliconvalley/13426237.htm
Full story here: http://www.siliconvalley.com/mld/siliconvalley/13426237.htm
