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| Google admits its AOL investment may be impaired |
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| By Reuters | ||||||
| Friday, August 08, 2008 15:57 | ||||||
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Google Inc's 5 percent stake in Time Warner Inc's AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. "We believe our investment in AOL may be impaired," Google said in its latest quarterly financial filing with the U.S. Securities and Exchange Commission. Read the complete story here.
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