Reuters reports that AOL France is selling its internet access business to Neuf Cegetel for $365 million as it overhauls it’s online business in Europe.
The important point about the report is that AOL has simultaneously boosted its war chest by $365 million – not a small amount AND created a strong partnership with Neuf Cegetel giving it access to around 2 million web users – its own access business numbered 500,000. Looks like a good deal for AOL who’s French portal receives 5.5 million unique visitors each month.
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