Google lost its investments in AOL

Google has reported the possible loss of investments in AOL. The report on the financial results of the second quarter, which was published by the Time Warner made a clear statement about the plight of the company. TW profit fell by 16%, which amounted to $ 230 million.

Google owns 5% of stocks in Time Warner, which were acquired to sustain an advertising partnership with AOL and exclusion of Microsoft. The amount of investments that Google invested in AOL in 2005 was equal to one billion of U.S. dollars, reported Associated Press