The Reuters article: Broadband boosts Time-Warner profit discusses the media conglmerates latest earnings and also points out that T-W is a major shareholder of Google stock. If you check the SEC filing you'll find a section about Google.
Further, in relation to Google, in May 2004, America Online exercised a warrant for approximately $22 million and received approximately 7.4 million shares of Series D Preferred Stock of Google Inc. Each of these shares converted automatically into shares of Googles Class B Common Stock immediately prior to the closing of Googles initial public offering on August 24, 2004. In connection with this offering, America Online converted 2,355,559 shares of its Google Class B Common Stock into an equal number of shares of Googles Class A Common Stock. Such Class A shares were sold in the offering for $195 million, net of the underwriters discounts and commissions, resulting in a gain of approximately $188 million. Following this transaction, America Online holds 5,081,893 shares of Googles Class B Common Stock...The Company does not consider its remaining interest in Google to be a strategic investment.
Two major "institutional shareholders", Fidelity Management and Capital Research & Management own approximately the same amount of shares.
Introducing SES Online
Want to view one of the sessions you missed or listen to an especially informative presenter a second time? SES New York sessions are available for purchase on ClickZ Academy's new e-Learning site. SES is now Online!
