Google is planning to acquire 5% stake in AOL for $1 billion in cash. Google has extended the time period for closing the investment up to the second quarter of 2006, according to the Form 8-K filing Google submitted to the SEC.


Google is planning to acquire 5% stake in AOL for $1 billion in cash. Google has extended the time period for closing the investment up to the second quarter of 2006, according to the Form 8-K filing Google submitted to the SEC.

Google has submitted a filing to the Securities and Exchange Commission.

“The Letter Agreement describes the general terms on which Google, Time Warner and AOL plan to enter into certain commercial arrangements. ….

The parties have agreed to extend the time period for entering into the agreements contemplated by the Letter Agreement to March 17, 2006, and Google expects that the parties will continue to extend this time period until the negotiations on the commercial agreements have been completed.

Google expects to enter into definitive agreements with respect to the arrangements described in the Letter Agreement in either the first or second quarter of 2006”. [source]

 

 

 

 

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