Most Viewed Stories
Most Commented Stories
Most Recommended Stories
Save & Share this Article
Time Warner to spin off AOL on Dec. 9
Comments 0 | Recommend 0NEW YORK (AP) -- Time Warner says it will spin off its Internet business, AOL, as a separate company on Dec. 9.
Time Warner Inc. said Monday it has declared a dividend on the AOL shares it owns that will result in a complete separation of the two companies.
On Dec. 9, Time Warner stockholders of record Nov. 27 will receive AOL common stock for every 11 shares of Time Warner common stock they hold.
Time Warner was initially purchased by AOL in 2001. The media conglomerate had said earlier this year it would spin off AOL after years of trying unsuccessfully to integrate the two companies.
See archived 'Business' stories »
We want our site to be a place where people discuss and debate ideas that foster stronger communities. We built this for you. Please take care of it. Tolerate broad thinking, but take action against obscene or hateful material. Make it a credible and safe place worth preserving and sharing.
