AOL, which is looking to acquire Google for about $1 billion, has announced that it has reached a deal with the search giant.
The deal is expected to close in the fourth quarter of this year.
A deal that will be final is not expected to be announced until the second quarter.
AOL has been searching for a buyer to replace Yahoo as its primary Internet and media company.
In a blog post, AOL Chief Executive Officer David Drummond said that the new company will be headed by Jeff Weiner, who has been the chief executive of Google.
AOL, founded in 1998, is a leader in media, search, commerce and entertainment.
The move comes after Yahoo announced it was looking to sell the company for $4 billion.
Yahoo CEO Marissa Mayer said that Yahoo’s deal with Google would allow her to continue to run her company and her board members and executives.
Mayer also said she plans to make the announcement at the Google+ Hangout on Tuesday.
Google has a long history of working with other companies, including Apple, Microsoft and Facebook, in addition to AOL.
But in recent years, Google has focused more on making its own products and services.