Google, AOL Extend Talks on Ad Agreement
From Bloomberg News
Google Inc. said it extended time for negotiations with Time Warner Inc.’s America Online unit over a $1-billion investment in AOL and a related advertising agreement.
The companies agreed to extend the time for closing the deal to today and may put off the closing date again, Google said in a regulatory filing.
In exchange for its $1 billion, Mountain View, Calif.-based Google would receive a 5% stake in AOL.
