Report: Google and Comcast Considering Minority Stake in AOL
October 14, 2005 at 4:01 PM (PT)
The WALL STREET JOURNAL reports that GOOGLE and COMCAST CORP. may bid as much as $5 billion to buy a minority stake in AMERICA ONLINE’s website network and instant messaging business (rather than the company’s shrinking dial-up Internet access business). AOL is the Internet’s No. 2 website network, with 112 million U.S. visitors last month, which trails YAHOO!, the number one destination, by 11 million visitors.
For more on the potential blockbuster web transaction, just click here.