AOL Owns Google Warrants

SMS Text

“Internet service provider American Online has the right to buy about 1.9 million preferred shares of Google Inc. for around $22 million, under a 2002 deal with the world’s No. 1 Web search engine, AOL parent Time Warner Inc. said in a recent filing.

America Online in June 2002 received the five-year warrant to buy the preferred stock of Google, which is expected to go public later this year.

It was not clear what the value of the stock would be, nor what percentage ownership in Google it would represent. An AOL spokesman declined to elaborate on the filing. A Google spokeswoman did not comment. ” – source Reuters

posted by Aaron Wall

Aaron Wall
Aaron Wall, Search Marketing / SEO Coverage and Rants - Aaron Wall is one of the most vocal search engine marketers in the business and... Read Full Bio
Subscribe to SEJ!
Get our weekly newsletter from SEJ's Founder Loren Baker about the latest news in the industry!