Tech investors eye AOL-Google talks

Oct 13, 2005

The financial community is keeping a close eye on a reported plan by Google and Comcast to acquire a stake in America Online.

There has been no official word from the parties involved; however, Wall Street sent shares of Comcast and Google down slightly early Thursday while AOL's parent, Time Warner, was up slightly.

The reported deal would create a joint venture among the venerable AOL ISP, Google's search engine and Comcast's sprawling cable network. The new company would then have a top-to-bottom infrastructure for online entertainment products.

A similar theory led Time Warner to acquire AOL in 2001 in a deal that resulted in red ink that continues to irk some of Time Warner's major investors.

The recent surge in high-speed Internet access and services such as text messaging and podcasts has altered the financial landscape since 2001.

Copyright 2005 by United Press International

Explore further: Measuring on ice: Researchers create 'smart' ice skating blade

add to favorites email to friend print save as pdf

Related Stories

Zynga revamps hit 'Words With Friends' game

Oct 09, 2014

Pioneering social games maker Zynga on Thursday launched a new version of "Words With Friends" as the company strives to regain its footing in the mobile device age.

Cities, states face off on municipal broadband

Aug 19, 2014

Wilson, N.C., determined nearly a decade ago that high-speed Internet access would be essential to the community's social and economic health in the 21st century, just as electricity, water and sewers were in the previous ...

Recommended for you

Facebook sues law firms, claims fraud

7 hours ago

Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

IBM 3Q disappoints as it sheds 'empty calories'

7 hours ago

IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile ...

User comments : 0