Comcast, Google consider joint co-ownership of AOL with Time Warner
Kenneth Li of Reuters is reporting this morning that online search provider Google and CATV service provider Comcast are reportedly in joint talks with Time Warner to acquire ownership stakes in that company’s AOL unit (formerly America Online).
Under one idea, Google and Comcast would jointly own half of the AOL web businesses, though Time Warner would retain a controlling stake, the Wall Street Journal reported in its Thursday edition.
Google and Comcast are valuing AOL’s content business at about $10 billion, which implies a valuation of as much as $5 billion for the minority stake, the Wall Street Journal said.
(Reuters via The Washington Post)