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MOUNTAIN VIEW, Calif. (AP) - Google Inc. said Wednesday that it has ironed out the final details of its expanded alliance with America Online, clearing the way for the online search engine leader to invest $1 billion in its biggest advertising partner.
The two companies signed a March 24 definitive agreement to seal a deal originally announced in December, according to Securities and Exchange Commission documents filed Google.
The Mountain View, Calif.-based company will assume a 5 percent stake in Time Warner Inc.'s AOL in exchange for a $1 billion investment expected to be made some time during the three months ending in June.
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