Google sells its stake in AOL
Companies in Relationship
Initial Announcement Date:
Time Warner Inc. acquires the outstanding 5% stake in AOL Holdings, LLC from Google for $283 million in cash. AOL is a global Web services company with a suite of brands and offerings that include online content, products and services that the company offers to consumers, publishers and advertisers. In December 2005, Google had paid $1 billion for the 5% stake.
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