p2p news / p2pnet: If you’re one of those who’s been online long enough to see AOL grow from a relatively small, highly despised, heavily restrictive Net service to a giant, highly despised, heavily restrictive Net service, you’ll be sad to learn it looks as though Google may soon make it nice and shiny.

It’s to pay $1 billion for a 5% percent stake as part of a "far-reaching business and advertising partnership that will link the two companies in many ways and will greatly enhance AOL’s financial prospects, according to people familiar with the agreement," says the Washington Post.

GO[AO]G[L]E?

Under the deal, "Google will remain the search engine on the AOL service with a revenue sharing from text-based ads provided by Google of about 80 percent to AOL and 20 percent to Google," the story goes on. "In addition, AOL will get the exclusive right to sell other types of advertising, including banner ads, for the Google network. AOL will keep 20 percent of the proceeds from those ad sales, while Google will get about 80 percent."

"This is our dream come true," the Washington Post has "one source familiar with AOL and Time Warner’s strategy" saying.

"Our fates are intertwined."

Shudder.

Also read:-
Washington Post - Google Buying Stake in AOL for $1 Billion, December 16, 2005

This entry was posted on Monday, December 19th, 2005 at 2:44 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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