Google acknowledged late Thursday that it may have made a bad bet on AOL.
The search giant said in a filing with the Securities and Exchange Commission that its $1 billion investment for a 5 percent stake in Time Warner’s Web unit “may be impaired” and that it may have to take a charge in the future:
The search giant said in a filing with the Securities and Exchange Commission that its $1 billion investment for a 5 percent stake in Time Warner’s Web unit “may be impaired” and that it may have to take a charge in the future:
Link: news.cnet.com
Category:
- Business
