The developing story of Google and Time Warner's AOL division continues with
the announcement that, in addition to Google's newly acquired 5% stake in
Google that there will be a new alliance involving video and instant
Tacitly significant is the absence of MSN from this alliance. Earlier reports
indicated that Redmond was also seeking an alliance of some sort with AOL but
had been seeking an overly complex agreement in the eyes of AOL management.
In the agreement, Google will let AOl sell graphically-oriented advertising
into Google's network, more of AOL will be open to Googlesearches, and
searches for video programming are also enabled.
The agreement is being perceived as a negative to Microsoft, but in the
spirit of at least one early analyst, major Time Warner investor Carl Icahn
sees weakness for AOL in the deal, reportedly labeling it "disastrous"
Microsoft, supposedly thwarted in previous bids for other Google-adjusting
properties, is paying $6 billion cash for aQuantive, a 10-year-old publicly
held Internet ad company that could be said to have been relatively unknown
when Microsoft announced that it was paying an outlandish 85% premium to buy
it to compete against Google.
Six billion is more money than Microsoft ever paid for anything. It said the
price was bid up by competition, but provided no color. It claimed that "it's
exactly the right company to buy, and hence we're willing to pay." Microsoft
has $28 billion in t... (more)
Google has signed "a definitive agreement" to acquire Postini, which
specializes in on-demand communications security and compliance solutions,
serving more than 35,000 businesses and 10 million users worldwide. Postini's
services -- which include message security, archiving, encryption, and policy
enforcement -- can be used to protect a company's email, instant messaging,
and other web-based communications.
Under the terms of the agreement, Google will acquire Postini for $625
million in cash, subject to working capital and other adjustments, and
Postini will become a wholly-own... (more)
"With AOL Video Search, we are providing consumers with a faster, easier way
to find the best videos on the Web." said Kevin Conroy, Executive Vice
President of AOL Media Networks who announced that new RSS feeds from
partners for its video search engine. These new partners include Blastro.com,
EVTV1.com, Forbes.com, GameTrailers.com, PC World and Time4 Media properties
including Transworld Skateboarding, Transworld Snowboarding and Transworld
Featuring content ranging from humor, news and technology to music, sports,
and video games, these new optimized video RSS feeds wil... (more)
Can the stock of Google, whose share of the Internet search market according
to ComScore increased to 56.5% in August (from 55.2% in July) and who is
striving to acquire DoubleClick for $3.1BN, reach $600, just three years
after it began trading - at $85 - in 2004?
With the third-highest market cap (more than $180BN) of any U.S. technology
company - Microsoft is #1 and and Cisco Systems is #2 - Google's share price
this year alone has risen by 27%.
It now has the sixth-highest stock price in the entire U.S., having yesterday
reached $596.81 on the Nasdaq Stock Market before settlin... (more)