Google expects to complete its $1 billion investment in Time Warner's America Online during the second quarter, somewhat later than the anticipated end-of-March timetable, reports the Associated Press, citing a Securities and Exchange Commission filing by Google. The SEC documents indicate that Google and AOL need more time to finalize details of the expansion of their alliance.
AOL is already Google's largest business partner, accounting for 9 percent (or some $550 million) of Google's 2005 revenue - via Google search ads that it serves up on its sites.
