Parsons denies Google-AOL tie-up

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Parsons denies Google-AOL tie-up

Time Warner's chief executive has denied reports that it may be about
to sell a stake in its America Online (AOL) unit to Google and
Richard Parsons also said there were no plans for a tie-up with
Microsoft's search-engine technology.

News agency and newspaper reports said Google had been ready to share
AOL with Time Warner and US cable firm Comcast.

Such a deal would have put Google's search tools with Time Warner's TV
and film content in a portal.

Any such move would also have addressed criticism from investors of
Time Warner's strategy.


Time Warner has recently come under fire from billionaire corporate
raider Carl Icahn, who says its management is failing to serve

Part of the group's response has been to stress AOL's move away from
its traditional - and loss-making - dial-up internet service, and
towards a free-to-use content business paid for by advertising.

The plan could be boosted by Google's success in attracting online
adverts, as well as the huge reach of its search and other tools,
combined with delivery to cable customers of both Comcast and Time
Warner - the two biggest US cable firms.

Google and Comcast are not the only potential suitors, with software
giant Microsoft also reported to be discussing potential tie-ups
between AOL and its own content service, MSN.

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