Friday, May 07, 2004

AOL exercises Google warrants | CNET

AOL exercises Google warrants | CNET "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.
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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