AOL exercises Google warrants | CNET News.com: "America Online unit has purchased 7.4 million preferred shares in the search leader for $22 million, or about $3 a share. The purchase stems from a warrant issued to AOL in 2002 that gave the company the option to buy these shares at that set price.
AOL currently has an agreement to run Google's AdWords commercial search links alongside its own search results. Google charges advertisers a fee every time a Web surfer clicks such a link and shares the fee with AOL for links that appear in results hosted by AOL's various services.
The partnership has become lucrative. In 2003, AOL generated $200 million from Google, up from $35 million in 2002.
AOL isn't the only company slated to benefit from Google's IPO. Yahoo also has a minority stake in Google, despite considering it one of its biggest competitors"
Saturday, May 08, 2004
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