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Time warrner buys Googles stake in AOL

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posted on Jul, 28 2009 @ 07:48 AM
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* Stake sale values AOL at about $5.7 billion
* Time Warner bought stake from Google on July 8 (Adds analyst comments, details on original Google deal)

NEW YORK, July 27 (Reuters) - Time Warner Inc (TWX.N) paid $283 million for Google Inc's (GOOG.O) 5 percent stake in AOL, the Internet company said in a U.S. regulatory filing on Monday.

Time Warner, which plans to spin off AOL by the end of the year, bought the stake from Google on July 8, AOL said in the filing with the U.S. Securities and Exchange Commission.

The price that the company paid for Google's stake implies that AOL has a total value of about $5.7 billion.

Reuters

You really got to wonder about AOl when "GOOGLE" is selling it's stake....

It's not like they really need the money right now....




posted on Jul, 28 2009 @ 09:21 AM
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Well, AOL has been losing money for a while now. Besides, this new has nothing to do with the global meltdown.



posted on Jul, 28 2009 @ 09:34 AM
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reply to post by eldard
 


The reason I put it in global meltdown is I think AOl going down and Google selling it's entire stake in AOL is another example of the global meltdown.

Aol used to be internet king, now they are a joke at best.



posted on Jul, 28 2009 @ 09:37 AM
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aol is going down lol

been going down since about 2000


TWX hasn't made any genius moves lately.. makes you wonder



posted on Jul, 31 2009 @ 08:36 AM
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I have a question......

If AOL is deing on the vine, why would anyone want to be buying it???

The only thing I can think of is Time Warrner is buying up the stock and hold on to it as to bring up the selling price???

The other possibilites are for TimeWarrner to reasorb AOL again....

OR

Get the majority of shares and sell Aol as a whole enity.



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