http://aolsvc.news.aol.com/news/arti..._ccc=5&cid=842
Quote:
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WASHINGTON (Dec. 17) - Rebuffing aggressive overtures from Microsoft, Time Warner has agreed to sell a 5 percent stake in America Online to Google for $1 billion in cash as part of an expanded partnership between AOL, once the dominant company on the Internet, and Google, the current online king.
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Rest of it is in link, its long but worth reading.
Where will Google smite Microsoft next?
Google to buy 5% of AOL
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