Having already laid Time Warner low, AOL is threatening to affect the earnings of search leader Google, the Associated Press reports. In a Securities and Exchange Commission filing, Google said it might have to recognize a loss on its 5% stake in AOL. Google bought its AOL stake for $1 billion in 2005. Some analysts said all of AOL is worth less than $10 billion, putting the value of AOL’s stake at half what it paid, the wire service says.
AOL Investment May Bite Google
Aug 8, 2008 • Post A Comment