AOL selling one billion dollars worth of stock in Google
May 5, 2005 2:53 AM
AOL Time Warner finally has something profitable on their hands and what do they do with it?
Sell it...
The New York media conglomerate said in its quarterly report filed with the Securities and Exchange Commission that it sold its 5.1 million Google shares on Tuesday at an average of $185 a share, receiving total cash of roughly $940 million.
Continue... [dowjones.com]
Source: John Battelle's Searchblog
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http://www.ianleff.com
Posted May 5, 2005 9:41 AM
oooops $220+ now