Google Sells Stake in AOL, Loses $717 Million

Courtesy Mashable!  Mon, 07/27/2009 - 16:39

At the end of 2005, Google made an interesting investment: $1 billion dollars for 5% of AOL.

The move made sense for AOL – it provided it with a ton of new advertising, search, and revenue opportunities via a strong partnership with Google.

Google, in return, got a 5-year deal to be AOL’s default search engine .

But the value of that deal has only dropped like a rock in a lake since then. AOL has...


 

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