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: Transmedia storytelling with apps could expand but also exploit children's stories

add to favorites email to friend print save as pdf

Related Stories

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

The oscillator that could makeover the mechanical watch

7 minutes ago

For the first time in 200 years the heart of the mechanical watch has been reinvented, thereby improving precision and autonomy while making the watch completely silent. EPFL researchers have developed an ...

Who drives Alibaba's Taobao traffic—buyers or sellers?

47 minutes ago

As Chinese e-commerce firm Alibaba prepares for what could be the biggest IPO in history, University of Michigan professor Puneet Manchanda dug into its Taobao website data to help solve a lingering chicken-and-egg question.

User comments : 0