WASHINGTON (Dow Jones)--Time Warner Inc. (TWX) disclosed Wednesday that it expects to record a gain of about $925 million in the second quarter as a result of its sale of Google Inc.'s (GOOG) common stock.
The New York media conglomerate said in its quarterly report filed with the Securities and Exchange Commission that it sold its 5.1 million Google shares on Tuesday at an average of $185 a share, receiving total cash of roughly $940 million
Monday, May 09, 2005
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