AOL to be spun off
The rise and fall of AOL will doubtless provide material for business school students for a long time. In 2000, the then-dominant Internet service provider basically took over the large media company Time Warner in a deal of huge proportions. Then, in a dizzying decline, AOL rapidly fell into step-child status. Now, Time Warner wants to be rid of AOL. The New York Times reports:
The company said a filing with the Securities and Exchange Commission that while its board of directors hasn’t made a final decision, it “currently anticipates that it would initiate a process to spin off one or more parts of the businesses of AOL to Time Warner’s stockholders, in one or a series of transactions.”
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