Verne Kopytoff of the San Francisco Chronicle reports that not everyone is excited about AOL’s deal with Google.
Concern #1 – Selling 5% ownership may scare away potential suitor.
“…billionaire investor Carl Icahn called the plan potentially disastrous and said another company may be a more lucrative partner…in a letter to the board Monday, Icahn told directors they “may be on the verge of making a disastrous decision.” Any agreement with Google that precludes a future merger or transaction with another company would be a breach of their duty, he said.”
Concern #2 – Exactly how will Google help AOL content do better in the search result?
Google’s claiming that they’re not going to give AOL anything to too juicy…