Google, Time Warner strike $1 billion deal for AOL | CNET News.com: "Google will invest $1 billion for a 5 percent stake in Time Warner's America Online unit as part of a partnership that expands their existing search engine deal to include collaboration on advertising, instant messaging and video.
Google also is offering a $300 million credit that AOL can use to buy keyword-based ads from Google, the companies announced Tuesday. "
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