In an assessment that could lead to a substantial charge against its future profits, Google believes its $1 billion investment in advertising partner AOL is souring.
The Mountain View, Calif.-based company disclosed in a quarterly report filed late Thursday with the Securities and Exchange Commission that the 5 percent AOL stake that it bought in 2005 ‘’may be impaired.'’ Impairment is an accounting term used to describe an acquisition or investment that has eroded. MORE »
No comments:
Post a Comment