August 8, 2008

Google sours on $1 billion AOL investment

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:

Link: news.cnet.com

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