It's Official: Google Buys Stake in AOL

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In summary, Google has made a significant move by purchasing a 5% stake in AOL for 1 billion dollars. While some may question the decision given AOL's reputation for spam and inferior software, others see it as a smart investment due to AOL's financial backing and large user base. However, there are concerns about the potential impact on Google's image and the possibility of increased advertising. Some even joke about the various uses for the CDs that AOL frequently sends out.
  • #1
dduardo
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Ek, what has Google done! They just bought a 5% stake in AOL for 1 Billion Dollars.

http://money.cnn.com/2005/12/20/technology/aol_google.reut/index.htm?cnn=yes
 
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  • #2
I don't know if it's a nice move or not by Google, but i very much dislike AOL for all their spam, both physical and electronic, not to mention that their software, from my experience, is not the best. I thought the title was "... Google buys Opera" which i would've liked, but not this. :cry:
 
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  • #3
-Job- said:
I don't know if it's a nice move or not by Google, but i very much dislike AOL for all their spam, both physical and electronic, not to mention that their software, from my experience, is not the best. I thought the title was "... Google buys Opera" which i would've liked, but not this. :cry:
But AOL makes such nice coasters. They send me a new one for my set once every few months or so. They're very pretty and shiny, though that hole in the center sometimes let's drips through. :biggrin:
 
  • #4
Well its probably a good investment. AOL has some powerful financial backing and probably a huge ignorant cult following...
 
  • #6
Outstanding, Google is going to lose all it's mystic.
 
  • #8
Let the Google CD mass mailing begin!
 
  • #9
dduardo said:
Let the Google CD mass mailing begin!
:smile: Ornaments for holiday trees in CS departments everywhere! :smile:

And some other uses: http://www.spiritone.com/~english/humour/aolcd.html :biggrin:
 
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FAQ: It's Official: Google Buys Stake in AOL

How much did Google pay for their stake in AOL?

Google paid $1.1 billion for a 5% stake in AOL.

What does this mean for Google and AOL?

This partnership allows Google to expand its advertising reach and access AOL's large network of users. It also gives AOL a boost in its advertising revenue.

Will this affect how we use Google or AOL?

For the average user, there will not be any noticeable changes in how they use Google or AOL. However, there may be more targeted advertisements based on user data shared between the two companies.

How will this affect competition in the tech industry?

This deal may increase competition for other tech companies, as Google and AOL will have a stronger presence in the advertising market. It may also lead to more partnerships and mergers in the future.

What are the potential benefits and drawbacks of this partnership?

The benefits of this partnership include increased advertising revenue for both companies and a larger reach for Google. However, it may also raise concerns about data privacy and monopolies in the tech industry.

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