Google sold its stake in AOL at a US$717 million loss, according to a regulatory filing made on Monday.
Time Warner purchased Google's 5 percent share in AOL on July 8 for $283 million, AOL said in a filing with the U.S. Securities and Exchange Commission. Google bought the share of AOL in late 2005 for $1 billion.
More: http://pcworld.com/article/169140/
Time Warner purchased Google's 5 percent share in AOL on July 8 for $283 million, AOL said in a filing with the U.S. Securities and Exchange Commission. Google bought the share of AOL in late 2005 for $1 billion.
More: http://pcworld.com/article/169140/