Google AOL Deal to Complete by Q2

Google AOL Deal to Complete by Q2

Google has stated that they are expecting their investment in America Online complete by the second quarter of 2006.

Google had agreed to acquire 5% of the internet division of Time Warner some three months alone to keep AOL on their client’s list as Microsoft had shown interest in collaborating with them for their online advertisement services.

Google now expects their investment in AOL to end before the month of June as they stated in a report filed with the Securities and Exchange Commission. They have however not stated any particular reason for this unexpected delay.

AOL is already the biggest online alliance for Big GOOG, which makes the bulk of their revenues from online advertisements. As per their annual report, AOL accounts for nearly 9% of Google’s earnings made through online advertisements.

The renewed deal between the two companies would see a better collaboration between the services of AOL and Google.

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Sushubh Mittal is a behind the scenes guy at SEJ and Editor of TechWhack Business & Technology Blogs.