Time Warner's AOL and Google to Expand Strategic Alliance

Time Warner's AOL and Google to Expand Strategic Alliance - Dec 20, 2005 06:10 PM (BusinessWire)

MOUNTAIN VIEW, Calif. & NEW YORK & DULLES, Va.--(BUSINESS WIRE)--Dec. 20, 2005--Time Warner Inc. (NYSE:TWX):

-- Creating Global Advertising Partnership -- Google to Invest $1 Billion for a 5% Stake in AOL -- Companies to Collaborate on Online Video Offering and Make

More AOL Content Available to Google Users

-- Google Talk Instant Messaging Software to Communicate with AIM users

Google Inc. (NASDAQ:GOOG) and America Online, Inc., a wholly owned subsidiary of Time Warner Inc. (NYSE:TWX), today announced that they are expanding their current strategic alliance. The agreement creates a global online advertising partnership, makes more of AOL's industry-leading content available to Google users, and includes a $1 billion investment in AOL by Google. This strategic alliance expands on the original relationship between the two companies launched three years ago.


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