Google Admits Its AOL Investment May Be Impaired
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.
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No kidding; this is like buying Kodak stock.
No kidding!!! Google for the block. They stop MS at a cost.