1411. In 2005, Google invested $1 billion for a 5 percent stake in Time Warners America Online...

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14–11. In 2005, Google invested $1 billion for a 5 percent stake in Time Warner’s America Online unit as part of a partnership that expands the firm’s existing search engine deal to include collaboration on advertising, instant messaging, and video. Under the deal, Google would have the usual customary rights afforded a minority investor. What rights or terms do you believe Google would have negotiated in this transaction? What rights do you believe Time Warner might want? Be specific.

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