Forum Moderators: Robert Charlton & goodroi
SAN FRANCISCO - America Online on Tuesday agreed to sell a 5 percent stake to Google Inc. in a $1 billion deal that deepens the ties binding two of the Web's most popular sites while thwarting Microsoft Corp.'s efforts to grab a larger piece of the booming Internet advertising market.
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[0]Approving the expanded alliance had been considered a mere formality since last Friday when AOL's corporate parent, Time Warner Inc., abruptly ended several months of negotiations with Microsoft, which had hoped to supplant Google as AOL's main advertising partner.
[news.yahoo.com...]
[webmasterworld.com...]
