Friday, May 07, 2004

AOL exercises Google warrants | CNET News.com

AOL exercises Google warrants | CNET News.com: "In a filing with the U.S. Securities and Exchange Commission, Time Warner disclosed this week that its America Online unit has purchased 7.4 million preferred shares in the search leader for $22 million, or about $3 a share. The purchase stems from a warrant issued to AOL in 2002 that gave the company the option to buy these shares at that set price.
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AOL isn't the only company slated to benefit from Google's IPO. Yahoo also has a minority stake in Google, despite considering it one of its biggest competitors."
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