| 12:36 am on Jul 28, 2009 (gmt 0)|
I wonder why? Bing, I think I got it Yahoo!
| 3:56 am on Jul 28, 2009 (gmt 0)|
|Dec 20, 2005 ... Google will invest $1 billion for an effective 5% equity stake in America Online, Inc. |
|Time Warner Inc. earlier this month bought back the 5% stake Google Inc. owned in AOL for $283 million |
| 4:07 am on Jul 28, 2009 (gmt 0)|
I'm not an economist but $283 million seems insanely high for a company that now has fewer subscribers then World of Warcraft! I wonder what the percentage shares of their ISP and advertising revenue look like?
| 5:47 am on Jul 28, 2009 (gmt 0)|
So that would value AOL at 5.66 billion? *chuckle*
| 7:11 am on Jul 28, 2009 (gmt 0)|
AOL made a $3/4 bil profit. My question is how does AOL have $283 million. The only way they can have that is if they know somebody like MS is going to pay them that much or more for the rights to what Google gave up.
| 10:36 am on Jul 28, 2009 (gmt 0)|
For those without a WSJ subscription:
| 12:48 pm on Jul 28, 2009 (gmt 0)|
If you only look at subscriber revenue then it doesnt make sense (ps they still do have millions of subscribers). AOL still has about 3% search market share plus a chunk of email market share. That is very valuable.