AOL stake sold by Google with a big loss of $717 million
As per the regulatory filing, stake in AOL of Google was sold by it with a heavy loss of $717 million. AOL stated in its filing with U.S. Securities and Exchange Commission that Time Warner has on June 8 purchased 5 percent share of Google in AOL for $283 million. The same share of AOL was bought by Google in late 2005 for a price of one billion dollars.
» Read more