Rebuffing aggressive overtures from Microsoft, Time Warner has agreed to sell a 5 percent stake in America Online to Google for $1 billion as part of an expanded partnership between AOL, once the dominant company on the Internet, and Google, the current online king.
While the deal terms are largely set, it will not be final until it is ratified by the Time Warner board on Tuesday, according to an executive who was briefed on the negotiations.
Since I have much more faith in the prospect of Google as a benevolent corporate master than Microsoft (who, along with Apple & Intel, comprise my "Axis of Evil" of technology corporations) I'm glad to see that this is the route Time Warner has chosen to go.
The prospect of AOL content getting artificial enhancement somewhat worries me, but ultimately I don't think it'll be strong enough to truly taint the accuracy of Google search; while this should give Gmail & Google Talk the boost it needs to go from fad to mainstream, especially in the case of Google Talk.
smark/net attack Advisory System Status is: Elevated (Holds; July 5, 2005) It's good to see that the WWE isn't backing away from Batista or Cena. There's still some questions lingering over a few of the draft moves they either made or didn't make (Jericho being a prime example), but the stage is set for a solid run to Summerslam that may send the indicator down. The longer Triple H stays away is also a plus...