Google 'close to $1bn AOL deal'
View at BBC NEWS
Google is expected to announce later this week that it will pay $1bn (£565m) for a 5% stake in America Online.
The planned deal, which follows intense negotiations between the two US internet giants, would value Time Warner's troubled AOL unit at $20bn.
Under the proposed deal, Google would highlight AOL's services as sponsored links on its web pages.
Internet search giant Google is keen to prevent US rival Microsoft from gaining a foothold in AOL.
Google is expected to announce later this week that it will pay $1bn (£565m) for a 5% stake in America Online.
The planned deal, which follows intense negotiations between the two US internet giants, would value Time Warner's troubled AOL unit at $20bn.
Under the proposed deal, Google would highlight AOL's services as sponsored links on its web pages.
Internet search giant Google is keen to prevent US rival Microsoft from gaining a foothold in AOL.
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