AOL gets to break free of Google as Time Warner bought back Google’s 5% shares which it had in AOL. The deal had been signed up back in 2005 when Google was able to snatch from Microsoft. However things hadn’t been going smooth for AOL, given that it had been spinning around layoffs, shutdown of services, etc and Google demanded AOL’s spin off or to have its shares taken back for a fair market value. Given the present situation, the value of those shares is much lesser than what it was paid while AOL is being valued at $5.66 Billion.
