
Google and America Online signed a mutual deal on March 24 where both the companies will benefit greatly from it. The California-based company will assume a 5% stake in Time Warner’s AOL in exchange for a $1-billion investment. AOL also will get a $300-million credit to advertise its products and services through Google which in turn, is depending on AOL to sell more graphical ads.
AOL has been Google’s biggest advertising partner for several years. In 2005, AOL accounted for $550-million, or 9%, of Google’s total revenue and with this new venture they will rock the sky.
Via
Google and AOL Signs Ad Contract
Add Your Comment







