Posted Thursday, March 20, 2008
San Hose California- Just hit: Google Inc. and major competitor Microsoft Inc. have had a major of who will buy Time Warner Inc.
Google Inc. turned out to be the winner as they made a hostile take over offer to Time Warner Inc. for 50 billion dollars. 35 billion of which will divide evenly in cash, to the stockholders of the company, 10 billion in stock, and 5 billion in debt that Time Warner is assumed to have.
CEO Dr. Eric Schmidt said, “Google strikes while the iron is hot, and the iron is hot right now in the media industry”. This has proven to be true, I guess a congratulation is in store for Google as they have come out on top.
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