« Home | Media Tech Trends in 2006 »
Google Nears AOL Deal
Search giant will pay $1 billion for 5%
Search engine giant Google is near a deal to pay $1 billion for a 5% stake in America Online, according to an executive briefed on the matter.
AOL, owned by Time Warner, and Google have a preliminary agreement and will spend the weekend negotiating details, the source says.
Microsoft, once considered the front-runner for a search-and-advertising deal with AOL, now appears to be out of the running.
Under the proposed deal, the executive who has been briefed on the matter says:
•AOL will sell advertising among search results provided by Google on AOL. Google now sells those ads and gives AOL a percentage.
•AOL will get special promotions for its content on Google.com.
full USAToday.com story
posted by Unknown @ Friday, December 16, 2005,
