Google Admits Its AOL Investment May Be Impaired

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Google Admits Its AOL Investment May Be Impaired

By Reuters , published on August 11, 2008 at 4:40 AM
Source: Tom's Guide US | Keywords: Google, AOL

Syndication:

Google Inc’s 5 percent stake in Time Warner Inc’s AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. "We believe our investment in AOL may be impaired," Google said in its latest quarterly financial filing with the U.S. Securities and Exchange Commission.

Read the complete story here.