Google Snatches AOL From MS

Google has apparently won the battle to retain AOL’s affections, edging out a bid from Microsoft. But the cost is high, and establishes several precedents for the Mountain View company that might have been unthinkable a couple of years ago. While AOL’s parent Time Warner has yet to make a public statement, published reports claim that Google has paid $1 billion [EUR 832.5 million] to take a 5 per cent stake in the media giant. AOL’s sales team gets access to the Google Network, and Google will also give Time Warner’s media properties preferential treatment.

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