Google earlier this month sold its $1 billion stake in AOL for $282 million, confirming the search engine giant’s concerns from a year ago that its investment was impaired. Time Warner is set to spin AOL off, and the company will have to go it alone versus real-time and social services from Google, Yahoo, Microsoft Facebook and Twitter.
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Google sold its $1 billion investment in AOL for just
$283 million July 8, more than four years after buying the 5 percent stake in
the Web portal in a coup against rival Microsoft, according to a regulatory filing July 27.
Google
had purchased the stake in Time Warner’s online un…