AOL gets a part of Google

08 May 2004

It looks like AOL will get to cash in on part of Google’s IPO,according to News.com. It was revealed this week by TimeWarner in a filing with the SEC that AOL had purchased 7.4 million shares at a set price of about $3 per share as partof a 2002 investment in the now set to go public Internet search engine. The total value of the investment is now wortharound $22 million.