Time Warner To Decide On AOL Spinoff At Thursday Board Meeting (It’s A Done Deal, Supposedly)
Last month Time Warner announced that it would likely spin off its AOL assets into a new company, followed by an IPO (10Q SEC filing is here ). Little detail was given about the transaction, other than the fact that Google’s 5% stake in AOL would be repurchased. But exactly when the transaction would occur, and what assets it would include, were left unstated. New CEO Tim Armstrong will lead the independent company.
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