Sunday, August 10, 2008

Google May Write Down AOL Investment - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

See the full article for more details

In an assessment that could lead to a substantial charge against its future profits, Google believes its $1 billion investment in advertising partner AOL is souring.

The Mountain View, Calif.-based company disclosed in a quarterly report filed late Thursday with the Securities and Exchange Commission that the 5 percent AOL stake that it bought in 2005 ‘’may be impaired.'’ Impairment is an accounting term used to describe an acquisition or investment that has eroded.

Google May Write Down AOL Investment - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

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