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Time Warner, which acquired its Google stake through warrants owned by its America Online unit, said it realized a gain of $188 million through the sale of a portion of its stake during the fourth quarter, but that it continues to hold 5,081,893 shares of Google's common stock, which Time Warner puts at a fair market value of nearly $1 billion.
Vindication for TW after all the flack they took for that merger.
It was not a merger -- they were acquired by AOL ;)
Don't think they will ever buy Google: its not the kind of company they can manage, just look at what happened with ICQ, WinAmp teams, and the degree of technology involved in both cases were orders of magnitude lower than in Google.