Google Acquires 5% of AOL

Google just acquired a 5% stake in AOL for $1 Billion, shutting Microsoft out of the deal.” Under this new agreement, among many other things, Google Talk will now interface with AOLs instant messenger according to the announcement on Google’s site. From the announcement: Google Chief Executive Officer Eric Schmidt said AOL is one of Googles longest-standing partners, and we are thrilled to strengthen and expand our relationship. Today’s agreement leverages technologies from both companies to connect Google users worldwide to a wealth of new content.

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