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Google Sees Losses in its $1B AOL Investment Saturday, August 09, 2008 - Anuradha Menon Home >> Headlines >> Internet   
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Google has admitted to the SEC that its 2006 investment in AOL could be "impaired," meaning that its 5 percent stake in AOL might now be worth considerably less than the $1 billion the company paid in 2006. For Google, this assessment might bring a substantial charge against future profits, although the highly profitable company -- which earned $2.55 billion during the first half of 2008 alone -- seems likely to be able to absorb the loss rather handily. (source: betanews.com)
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