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: Misinformation diffusing online

add to favorites email to friend print save as pdf

Related Stories

Level 3 to boost backbone with $7.3 bn deal

Jun 16, 2014

US telecom operator Level 3 Communications announced plans Monday to buy Internet business provider TW Telecom in a deal worth $7.3 billion, including debt.

FCC examining reasons for Internet traffic jams

Jun 13, 2014

(AP)—The Federal Communications Commission is setting out to unravel the mystery behind the Internet traffic jams bogging down the delivery of Netflix videos and other online content.

Recommended for you

Misinformation diffusing online

1 hour ago

The spread of misinformation through online social networks is becoming an increasingly worrying problem. Researchers in India have now modeled how such fictions and diffuse through those networks. They described details ...

Many tongues, one voice, one common ambition

2 hours ago

There is much need to develop energy efficient solutions for residential buildings in Europe. The EU-funded project, MeeFS, due to be completed by the end of 2015, is developing an innovative multifunctional and energy efficient ...

Chinese man brings gay conversion therapy lawsuit

3 hours ago

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

Panasonic, Tesla to build big US battery plant

3 hours ago

(AP)—American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.

User comments : 0