Google has filed a quarterly report with the SEC that includes information about its 5% stake in AOL. The news is not good for the Time Warner owned internet company, which has already posted a loss of $230 million in the second quarter of 2008. Google said that their stake in AOL may be "impaired," an accounting term that explains a significant loss stemming from an investment.
Google invested in AOL to stave off a Microsoft advertising partnership, which would have replaced the one AOL had with Google. The question now is, was it worth $1 billion to keep the 3rd place Microsoft with a 10-ish% market share at bay?
And Yahoo should be wondering if their new Google partnership will really be enough to keep the company afloat.
What do you think? Let us know in the comments.
Introducing... ClickZ Live!
SES Conference & Expo has merged with ClickZ to bring you ClickZ Live! The new global conference series takes on the identity of the industry's premier digital marketing publication, ClickZ.com, and kicks off March 31-April 3 in New York City. Join the industry's leading tech-advertisers in the advertising capital of the world! Find out more ››
*Super Saver Rates expire Jan 24.