Tech investors eye AOL-Google talks

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

Citation: Tech investors eye AOL-Google talks (2005, October 13) retrieved 17 May 2024 from https://phys.org/news/2005-10-tech-investors-eye-aol-google.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

New study eyes nutrition-rich chia seed for potential to improve human health

0 shares

Feedback to editors