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Google's $1 Billion Stake in AOL Turns Sour

Stock quotes in this article: GOOG , TWX , YHOO  

SAN FRANCISCO - Google(GOOG Quote) has acknowledged that its investment in Time Warner's(TWX Quote) AOL division has not been paying off.

The Internet giant invested $1 billion for a 5% stake in AOL back in 2005 but in a recent SEC filing, Google admitted that the relationship has yielded little return.

"Based on our review, we believe our investment in AOL may be impaired," Google said in the filing. ...

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