AOL and Google in Exclusive Deal?

December 16th, 2005 · No Comments

The Wall Street Journal reports that a deal between AOL and Google Inc. is imminent. Google Inc. is taking a 5 percent stake in AOL for US $1 billion in cash. That would give AOL a valuation of US $20 billion and alleviate some pressure on AOL’s parent Time Warner by parties including former AOL CEO Steve Case and financier Carl Icahn.