In an attempt to bring two Internet monsters together to tackle the gorilla monster, Microsoft, Google has bought $1 Billion for 5% of AOL stock, says BBC News.
Online search engine Google has confirmed it will invest $1bn to take a 5% stake in Time Warner’s AOL unit as part of a major strategic alliance.
The deal, which follows intense negotiations between the two US internet giants, values the troubled AOL unit at $20bn.
The global online advertising partnership will make more of AOL’s content available to Google users.
The agreement shuts out software giant Microsoft from a rumoured AOL tie-up.
So what do you think? How do you think this tenative partnership will work? And do you think it’s enough to fight off Microsoft’s threatening domination? Or do you think that Google and AOL are already too big for their britches and that Microsoft is no threat? What could this mean for us, the users? And isn’t it amazing that Google has bought AOL when once AOL would have been buying up every ounce of Google with their vast artifically inflated funds through their Worldcom alliance? Amazing how this all works, isn’t it?