Google Wins

The Wall Street Journal and the New York Times reported that Google has won the race to partner with AOL. Google has reportedly agreed to invest $1 billion dollars for a 5% stake in AOL. The transaction values the entire AOL unit at $20 billion. Google will promote AOL's Web properties among the sponsored links in its search results, and will include AOL's collection of online videos among its search results. Google's arrangement to provide search technology for AOL, which was set to expire at the end of next year, would be extended for five years. The transaction should be finalized at the board meeting on Wednesday.