Google Finalizes $1 Billion Investment Deal With AOL

Authored by Mark Hefflinger on March 28, 2006 - 10:45am.

Dulles, Va. - Following several months of negotiations, Google, the Internet search giant, said in a regulatory filing on Wednesday that it has officially signed a deal to invest $1 billion in America Online. Under the deal, first announced in December, Google will acquire a 5% stake in AOL, its largest advertising partner, sometime before mid-year. There is also a large advertising portion of the deal, in which AOL will get $300 million worth of ads on Google's network, and in turn will sell graphical ads for Google's search engine. The news sent shares of Google up nearly 5% in Wednesday's trading.
http://biz.yahoo.com/e/060329/goog8-k_a.html