Google wins the battle for AOL
Seattle PI | at | by Mike
Microsoft's up-and-down courtship of America Online fell short Friday -- dealing a major setback to the Redmond company's online ambitions at the hands of rival Google Inc.
After months of talks, America Online parent Time Warner Inc. moved to complete a deal with Google instead. The search leader is expected to broaden its existing relationship with AOL by paying $1 billion for a 5 percent stake in the Time Warner unit, The Associated Press, The Wall Street Journal and others reported, citing anonymous sources.