TELECOM Digest OnLine - Sorted: Time Warner's AOL and Google to Expand Strategic Alliance

Time Warner's AOL and Google to Expand Strategic Alliance

Monty Solomon (monty@roscom.com)
Wed, 21 Dec 2005 22:11:45 -0500

Time Warner's AOL and Google to Expand Strategic Alliance
- Dec 20, 2005 06:10 PM (BusinessWire)

MOUNTAIN VIEW, Calif. & NEW YORK & DULLES, Va.--(BUSINESS
WIRE)--Dec. 20, 2005--Time Warner Inc. (NYSE:TWX):

-- Creating Global Advertising Partnership
-- Google to Invest $1 Billion for a 5% Stake in AOL
-- Companies to Collaborate on Online Video Offering and Make

More AOL Content Available to Google Users

-- Google Talk Instant Messaging Software to Communicate with AIM
users

Google Inc. (NASDAQ:GOOG) and America Online, Inc., a wholly owned
subsidiary of Time Warner Inc. (NYSE:TWX), today announced that they
are expanding their current strategic alliance. The agreement creates
a global online advertising partnership, makes more of AOL's
industry-leading content available to Google users, and includes a $1
billion investment in AOL by Google. This strategic alliance expands
on the original relationship between the two companies launched three
years ago.

- http://finance.lycos.com/home/news/story.asp?story=54120928

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: Monty Solomon: "Treo 650 to Support BlackBerry Connect"
Go to Previous message: Reuters News Wire: "Last Laugh! Police Had to Convince Lottery Winner it was Real"
TELECOM Digest: Home Page