Financial and Investment Resources

Archive for July, 2009

The internet giant, Google lost about USD700 million from the selling of it’s stake in AOL. The 5 percent share stake was acquired by Google from AOL back in 2005 with the original value of USD 1 billion dollars. Google ended up in getting approximately USD283 million from the original AOL shares value.

Time Warner took back the shares in preparation for the eventual public spinoff of AOL. When Google initially bought the shares, it valued AOL at $20 billion. Based on the price Time Warner paid for the repurchase of the shares, AOL is now worth $5.7 billion. I’m sure by the time it actually goes public, new CEO Tim Armstrong and AOL’s bankers are going to be arguing that it is worth a lot more.

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Hi people. Welcome to Financial Free dot Org. I just started the blog in one thing in mind. To be financially free and no more debts. I will blog on financial tips, investment strategies, ways to save money and getting out of debts. Some of them will be general and some will be from my own experience.

I hope we will all benefit from this blog and hopefully everyone can be debt free and live a long life! (What’s the use of being debt free and you can’t enjoy it right?)