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Google sours on $1 billion AOL investment
August 08, 2008 (6:00:00 PM) - 3 months, 2 weeks ago
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Google acknowledged late Thursday that it may have made a bad bet on AOL.
The search giant said in a filing with the Securities and Exchange Commission that its $1 billion investment for a 5 percent stake in Time Warner's Web unit "may be impaired" and that it may have to take a charge in the future:
Read more at: news.cnet.com
