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.

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