So we found out through an SEC filing by Google and AOL on Friday…Google will have the right to sell its new 5 percent stake in AOL as soon as July 1, 2008.
The filings say that starting two and a half years into the five-year agreement, Google will have the right to force Time Warner to register its shares in AOL with the SEC (which means an IPO). Time Warner has the option to buy the shares back for cash or Time Warner shares at an appraised value.
This is a standard clause in a such an agreement…ayway, some other details in the filing here
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