Google Says $1B Investment in AOL May Be Impaired

From eWeek+Reuters: Google Inc's 5 percent stake in Time Warner Inc's AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday.

"We believe our investment in AOL may be impaired," Google said in its latest quarterly financial filing with the U.S. Securities and Exchange Commission.

Google said it would continue to review its investment for impairment, and financial write-downs could be required in the future.

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